New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(8.82%)	$2,601,900
Net Lumpsum Payment	$16,022,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$84,960	$561,566
2	$1,011,456	-$334,569 -$89,210	$587,677
3	$1,062,016	-$353,276 -$93,670	$615,070
4	$1,115,136	-$372,931 -$98,355	$643,850
5	$1,170,880	-$393,556 -$103,272	$674,052
6	$1,229,440	-$415,223 -$108,437	$705,780
7	$1,290,880	-$437,956 -$113,856	$739,068
8	$1,355,456	-$461,849 -$119,551	$774,056
9	$1,423,232	-$486,926 -$125,529	$810,777
10	$1,494,400	-$513,258 -$131,806	$849,336
11	$1,569,088	-$540,893 -$138,394	$889,801
12	$1,647,552	-$569,925 -$145,314	$932,313
13	$1,729,920	-$600,401 -$152,579	$976,940
14	$1,816,448	-$632,416 -$160,211	$1,023,821
15	$1,907,264	-$666,018 -$168,221	$1,073,025
16	$2,002,624	-$701,301 -$176,631	$1,124,692
17	$2,102,720	-$738,337 -$185,460	$1,178,923
18	$2,207,872	-$777,243 -$194,734	$1,235,895
19	$2,318,272	-$818,091 -$204,472	$1,295,709
20	$2,434,176	-$860,976 -$214,694	$1,358,506
21	$2,555,904	-$906,015 -$225,431	$1,424,458
22	$2,683,712	-$953,304 -$236,703	$1,493,705
23	$2,817,856	-$1,002,937 -$248,535	$1,566,384
24	$2,958,784	-$1,055,080 -$260,965	$1,642,739
25	$3,106,688	-$1,109,805 -$274,010	$1,722,873
26	$3,262,080	-$1,167,300 -$287,715	$1,807,065
27	$3,425,152	-$1,227,637 -$302,098	$1,895,417
28	$3,596,416	-$1,291,004 -$317,204	$1,988,208
29	$3,776,256	-$1,357,545 -$333,066	$2,085,645
30	$3,965,056	-$1,427,401 -$349,718	$2,187,937