New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(8.82%)	$17,463,600
Net Lumpsum Payment	$107,316,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$556,222	$3,456,460
2	$6,621,876	-$2,410,425 -$584,049	$3,627,402
3	$6,952,886	-$2,532,898 -$613,245	$3,806,743
4	$7,300,656	-$2,661,573 -$643,918	$3,995,165
5	$7,665,605	-$2,796,604 -$676,106	$4,192,895
6	$8,048,990	-$2,938,457 -$709,921	$4,400,612
7	$8,451,230	-$3,087,285 -$745,398	$4,618,547
8	$8,874,001	-$3,243,711 -$782,687	$4,847,603
9	$9,317,722	-$3,407,888 -$821,823	$5,088,011
10	$9,783,650	-$3,580,281 -$862,918	$5,340,451
11	$10,272,623	-$3,761,201 -$906,045	$5,605,377
12	$10,786,317	-$3,951,268 -$951,353	$5,883,696
13	$11,325,570	-$4,150,791 -$998,915	$6,175,864
14	$11,892,058	-$4,360,392 -$1,048,880	$6,482,786
15	$12,486,619	-$4,580,379 -$1,101,320	$6,804,920
16	$13,110,929	-$4,811,374 -$1,156,384	$7,143,171
17	$13,766,245	-$5,053,841 -$1,214,183	$7,498,221
18	$14,454,662	-$5,308,555 -$1,274,901	$7,871,206
19	$15,177,437	-$5,575,982 -$1,338,650	$8,262,805
20	$15,936,246	-$5,856,741 -$1,405,577	$8,673,928
21	$16,733,184	-$6,151,608 -$1,475,867	$9,105,709
22	$17,569,927	-$6,461,203 -$1,549,668	$9,559,056
23	$18,448,151	-$6,786,146 -$1,627,127	$10,034,878
24	$19,370,789	-$7,127,522 -$1,708,504	$10,534,763
25	$20,339,098	-$7,485,797 -$1,793,908	$11,059,393
26	$21,356,430	-$7,862,209 -$1,883,637	$11,610,584
27	$22,424,042	-$8,257,226 -$1,977,801	$12,189,015
28	$23,545,286	-$8,672,086 -$2,076,694	$12,796,506
29	$24,722,676	-$9,107,721 -$2,180,540	$13,434,415
30	$25,958,726	-$9,565,059 -$2,289,560	$14,104,107