New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(8.82%)	$26,742,240
Net Lumpsum Payment	$164,313,430

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$868,184	$5,372,799
2	$10,335,816	-$3,784,582 -$911,619	$5,639,615
3	$10,852,476	-$3,975,747 -$957,188	$5,919,541
4	$11,395,296	-$4,176,590 -$1,005,065	$6,213,641
5	$11,964,930	-$4,387,354 -$1,055,307	$6,522,269
6	$12,563,340	-$4,608,766 -$1,108,087	$6,846,487
7	$13,191,180	-$4,841,067 -$1,163,462	$7,186,651
8	$13,851,066	-$5,085,225 -$1,221,664	$7,544,177
9	$14,543,652	-$5,341,482 -$1,282,750	$7,919,420
10	$15,270,900	-$5,610,563 -$1,346,893	$8,313,444
11	$16,034,118	-$5,892,954 -$1,414,209	$8,726,955
12	$16,835,922	-$6,189,622 -$1,484,928	$9,161,372
13	$17,677,620	-$6,501,050 -$1,559,166	$9,617,404
14	$18,561,828	-$6,828,207 -$1,637,153	$10,096,468
15	$19,489,854	-$7,171,576 -$1,719,005	$10,599,273
16	$20,464,314	-$7,532,127 -$1,804,952	$11,127,235
17	$21,487,170	-$7,910,583 -$1,895,168	$11,681,419
18	$22,561,692	-$8,308,156 -$1,989,941	$12,263,595
19	$23,689,842	-$8,725,572 -$2,089,444	$12,874,826
20	$24,874,236	-$9,163,798 -$2,193,908	$13,516,530
21	$26,118,144	-$9,624,044 -$2,303,620	$14,190,480
22	$27,424,182	-$10,107,278 -$2,418,813	$14,898,091
23	$28,794,966	-$10,614,468 -$2,539,716	$15,640,782
24	$30,235,074	-$11,147,308 -$2,666,734	$16,421,032
25	$31,746,468	-$11,706,524 -$2,800,038	$17,239,906
26	$33,334,380	-$12,294,051 -$2,940,092	$18,100,237
27	$35,000,772	-$12,910,616 -$3,087,068	$19,003,088
28	$36,750,876	-$13,558,155 -$3,241,427	$19,951,294
29	$38,588,616	-$14,238,118 -$3,403,516	$20,946,982
30	$40,517,916	-$14,951,959 -$3,573,680	$21,992,277