New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 24, 2026 is estimated to be $20 Million, with a cash option of 9.1 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 Jan 24, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 24, 2026	$20,000,000	$9,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$9,100,000
Federal Tax(24%)	$2,184,000
Additional Federal Tax	$1,143,330
State Tax(8.82%)	$802,620
Net Lumpsum Payment	$4,970,050

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$301,020	-$71,708 -$26,550	$202,762
2	$316,080	-$77,280 -$27,878	$210,922
3	$331,880	-$83,126 -$29,272	$219,482
4	$348,480	-$89,268 -$30,736	$228,476
5	$365,900	-$95,713 -$32,272	$237,915
6	$384,200	-$102,484 -$33,886	$247,830
7	$403,400	-$109,588 -$35,580	$258,232
8	$423,580	-$117,055 -$37,360	$269,165
9	$444,760	-$124,892 -$39,228	$280,640
10	$467,000	-$133,120 -$41,189	$292,691
11	$490,340	-$141,756 -$43,248	$305,336
12	$514,860	-$150,829 -$45,411	$318,620
13	$540,600	-$160,352 -$47,681	$332,567
14	$567,640	-$170,357 -$50,066	$347,217
15	$596,020	-$180,858 -$52,569	$362,593
16	$625,820	-$191,884 -$55,197	$378,739
17	$657,100	-$203,457 -$57,956	$395,687
18	$689,960	-$215,616 -$60,854	$413,490
19	$724,460	-$228,381 -$63,897	$432,182
20	$760,680	-$241,782 -$67,092	$451,806
21	$798,720	-$255,857 -$70,447	$472,416
22	$838,660	-$270,635 -$73,970	$494,055
23	$880,580	-$286,145 -$77,667	$516,768
24	$924,620	-$302,440 -$81,551	$540,629
25	$970,840	-$319,541 -$85,628	$565,671
26	$1,019,400	-$337,508 -$89,911	$591,981
27	$1,070,360	-$356,364 -$94,406	$619,590
28	$1,123,880	-$376,166 -$99,126	$648,588
29	$1,180,080	-$396,960 -$104,083	$679,037
30	$1,239,080	-$418,790 -$109,287	$711,003