New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(8.82%)	$18,716,040
Net Lumpsum Payment	$115,009,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$634,544	$3,937,584
2	$7,554,312	-$2,755,426 -$666,290	$4,132,596
3	$7,931,932	-$2,895,145 -$699,596	$4,337,191
4	$8,328,672	-$3,041,939 -$734,589	$4,552,144
5	$8,745,010	-$3,195,984 -$771,310	$4,777,716
6	$9,182,380	-$3,357,811 -$809,886	$5,014,683
7	$9,641,260	-$3,527,597 -$850,359	$5,263,304
8	$10,123,562	-$3,706,048 -$892,898	$5,524,616
9	$10,629,764	-$3,893,343 -$937,545	$5,798,876
10	$11,161,300	-$4,090,011 -$984,427	$6,086,862
11	$11,719,126	-$4,296,407 -$1,033,627	$6,389,092
12	$12,305,154	-$4,513,237 -$1,085,315	$6,706,602
13	$12,920,340	-$4,740,856 -$1,139,574	$7,039,910
14	$13,566,596	-$4,979,971 -$1,196,574	$7,390,051
15	$14,244,878	-$5,230,935 -$1,256,398	$7,757,545
16	$14,957,098	-$5,494,457 -$1,319,216	$8,143,425
17	$15,704,690	-$5,771,066 -$1,385,154	$8,548,470
18	$16,490,044	-$6,061,647 -$1,454,422	$8,973,975
19	$17,314,594	-$6,366,730 -$1,527,147	$9,420,717
20	$18,180,252	-$6,687,024 -$1,603,498	$9,889,730
21	$19,089,408	-$7,023,411 -$1,683,686	$10,382,311
22	$20,043,974	-$7,376,601 -$1,767,879	$10,899,494
23	$21,045,862	-$7,747,299 -$1,856,245	$11,442,318
24	$22,098,418	-$8,136,745 -$1,949,080	$12,012,593
25	$23,203,076	-$8,545,469 -$2,046,511	$12,611,096
26	$24,363,660	-$8,974,885 -$2,148,875	$13,239,900
27	$25,581,604	-$9,425,524 -$2,256,297	$13,899,783
28	$26,860,732	-$9,898,801 -$2,369,117	$14,592,814
29	$28,203,912	-$10,395,778 -$2,487,585	$15,320,549
30	$29,614,012	-$10,917,515 -$2,611,956	$16,084,541