New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(8.82%)	$6,667,920
Net Lumpsum Payment	$40,999,750

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$228,330	$1,442,266
2	$2,718,288	-$966,097 -$239,753	$1,512,438
3	$2,854,168	-$1,016,373 -$251,738	$1,586,057
4	$2,996,928	-$1,069,194 -$264,329	$1,663,405
5	$3,146,740	-$1,124,624 -$277,542	$1,744,574
6	$3,304,120	-$1,182,855 -$291,423	$1,829,842
7	$3,469,240	-$1,243,949 -$305,987	$1,919,304
8	$3,642,788	-$1,308,162 -$321,294	$2,013,332
9	$3,824,936	-$1,375,557 -$337,359	$2,112,020
10	$4,016,200	-$1,446,324 -$354,229	$2,215,647
11	$4,216,924	-$1,520,592 -$371,933	$2,324,399
12	$4,427,796	-$1,598,615 -$390,532	$2,438,649
13	$4,649,160	-$1,680,520 -$410,056	$2,558,584
14	$4,881,704	-$1,766,561 -$430,566	$2,684,577
15	$5,125,772	-$1,856,866 -$452,093	$2,816,813
16	$5,382,052	-$1,951,690 -$474,697	$2,955,665
17	$5,651,060	-$2,051,223 -$498,423	$3,101,414
18	$5,933,656	-$2,155,783 -$523,348	$3,254,525
19	$6,230,356	-$2,265,562 -$549,517	$3,415,277
20	$6,541,848	-$2,380,814 -$576,991	$3,584,043
21	$6,868,992	-$2,501,857 -$605,845	$3,761,290
22	$7,212,476	-$2,628,947 -$636,140	$3,947,389
23	$7,572,988	-$2,762,336 -$667,938	$4,142,714
24	$7,951,732	-$2,902,471 -$701,343	$4,347,918
25	$8,349,224	-$3,049,543 -$736,402	$4,563,279
26	$8,766,840	-$3,204,061 -$773,235	$4,789,544
27	$9,205,096	-$3,366,216 -$811,889	$5,026,991
28	$9,665,368	-$3,536,517 -$852,485	$5,276,366
29	$10,148,688	-$3,715,345 -$895,114	$5,538,229
30	$10,656,088	-$3,903,083 -$939,867	$5,813,138