New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of New York, your state will take 8.82% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New York Powerball Jackpot/Cash Option for Mon May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(8.82%)	$2,266,740
Net Lumpsum Payment	$13,963,930

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$75,667	$504,484
2	$900,828	-$293,637 -$79,453	$527,738
3	$945,858	-$310,298 -$83,425	$552,135
4	$993,168	-$327,803 -$87,597	$577,768
5	$1,042,815	-$346,172 -$91,976	$604,667
6	$1,094,970	-$365,469 -$96,576	$632,925
7	$1,149,690	-$385,716 -$101,403	$662,571
8	$1,207,203	-$406,995 -$106,475	$693,733
9	$1,267,566	-$429,330 -$111,799	$726,437
10	$1,330,950	-$452,782 -$117,390	$760,778
11	$1,397,469	-$477,394 -$123,257	$796,818
12	$1,467,351	-$503,250 -$129,420	$834,681
13	$1,540,710	-$530,393 -$135,891	$874,426
14	$1,617,774	-$558,907 -$142,688	$916,179
15	$1,698,657	-$588,833 -$149,822	$960,002
16	$1,783,587	-$620,258 -$157,312	$1,006,017
17	$1,872,735	-$653,242 -$165,175	$1,054,318
18	$1,966,386	-$687,893 -$173,435	$1,105,058
19	$2,064,711	-$724,273 -$182,108	$1,158,330
20	$2,167,938	-$762,467 -$191,212	$1,214,259
21	$2,276,352	-$802,581 -$200,774	$1,272,997
22	$2,390,181	-$844,697 -$210,814	$1,334,670
23	$2,509,653	-$888,902 -$221,351	$1,399,400
24	$2,635,167	-$935,342 -$232,422	$1,467,403
25	$2,766,894	-$984,081 -$244,040	$1,538,773
26	$2,905,290	-$1,035,288 -$256,247	$1,613,755
27	$3,050,526	-$1,089,025 -$269,056	$1,692,445
28	$3,203,058	-$1,145,462 -$282,510	$1,775,086
29	$3,363,228	-$1,204,725 -$296,637	$1,861,866
30	$3,531,378	-$1,266,940 -$311,468	$1,952,970