New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(8.82%)	$9,402,120
Net Lumpsum Payment	$57,795,550

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$333,202	$2,086,482
2	$3,966,804	-$1,428,048 -$349,872	$2,188,884
3	$4,165,094	-$1,501,415 -$367,361	$2,296,318
4	$4,373,424	-$1,578,497 -$385,736	$2,409,191
5	$4,592,045	-$1,659,387 -$405,018	$2,527,640
6	$4,821,710	-$1,744,363 -$425,275	$2,652,072
7	$5,062,670	-$1,833,518 -$446,527	$2,782,625
8	$5,315,929	-$1,927,224 -$468,865	$2,919,840
9	$5,581,738	-$2,025,573 -$492,309	$3,063,856
10	$5,860,850	-$2,128,845 -$516,927	$3,215,078
11	$6,153,767	-$2,237,224 -$542,762	$3,373,781
12	$6,461,493	-$2,351,083 -$569,904	$3,540,506
13	$6,784,530	-$2,470,606 -$598,396	$3,715,528
14	$7,123,882	-$2,596,167 -$628,326	$3,899,389
15	$7,480,051	-$2,727,949 -$659,740	$4,092,362
16	$7,854,041	-$2,866,326 -$692,726	$4,294,989
17	$8,246,605	-$3,011,574 -$727,351	$4,507,680
18	$8,658,998	-$3,164,160 -$763,724	$4,731,114
19	$9,091,973	-$3,324,360 -$801,912	$4,965,701
20	$9,546,534	-$3,492,548 -$842,004	$5,211,982
21	$10,023,936	-$3,669,187 -$884,111	$5,470,638
22	$10,525,183	-$3,854,648 -$928,321	$5,742,214
23	$11,051,279	-$4,049,304 -$974,723	$6,027,252
24	$11,603,981	-$4,253,803 -$1,023,471	$6,326,707
25	$12,184,042	-$4,468,426 -$1,074,633	$6,640,983
26	$12,793,470	-$4,693,914 -$1,128,384	$6,971,172
27	$13,433,018	-$4,930,547 -$1,184,792	$7,317,679
28	$14,104,694	-$5,179,067 -$1,244,034	$7,681,593
29	$14,810,004	-$5,440,032 -$1,306,242	$8,063,730
30	$15,550,454	-$5,713,998 -$1,371,550	$8,464,906