New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(8.82%)	$1,869,840
Net Lumpsum Payment	$11,525,830

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$61,065	$414,783
2	$726,984	-$229,314 -$64,120	$433,550
3	$763,324	-$242,760 -$67,325	$453,239
4	$801,504	-$256,887 -$70,693	$473,924
5	$841,570	-$271,711 -$74,226	$495,633
6	$883,660	-$287,285 -$77,939	$518,436
7	$927,820	-$303,624 -$81,834	$542,362
8	$974,234	-$320,797 -$85,927	$567,510
9	$1,022,948	-$338,821 -$90,224	$593,903
10	$1,074,100	-$357,747 -$94,736	$621,617
11	$1,127,782	-$377,610 -$99,470	$650,702
12	$1,184,178	-$398,476 -$104,444	$681,258
13	$1,243,380	-$420,381 -$109,666	$713,333
14	$1,305,572	-$443,392 -$115,151	$747,029
15	$1,370,846	-$467,543 -$120,909	$782,394
16	$1,439,386	-$492,903 -$126,954	$819,529
17	$1,511,330	-$519,522 -$133,299	$858,509
18	$1,586,908	-$547,486 -$139,965	$899,457
19	$1,666,258	-$576,846 -$146,964	$942,448
20	$1,749,564	-$607,669 -$154,312	$987,583
21	$1,837,056	-$640,041 -$162,028	$1,034,987
22	$1,928,918	-$674,030 -$170,131	$1,084,757
23	$2,025,334	-$709,704 -$178,634	$1,136,996
24	$2,126,626	-$747,182 -$187,568	$1,191,876
25	$2,232,932	-$786,515 -$196,945	$1,249,472
26	$2,344,620	-$827,840 -$206,795	$1,309,985
27	$2,461,828	-$871,207 -$217,133	$1,373,488
28	$2,584,924	-$916,752 -$227,990	$1,440,182
29	$2,714,184	-$964,578 -$239,391	$1,510,215
30	$2,849,884	-$1,014,787 -$251,360	$1,583,737