New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(8.82%)	$17,066,700
Net Lumpsum Payment	$104,877,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$565,514	$3,513,543
2	$6,732,504	-$2,451,357 -$593,807	$3,687,340
3	$7,069,044	-$2,575,877 -$623,490	$3,869,677
4	$7,422,624	-$2,706,701 -$654,675	$4,061,248
5	$7,793,670	-$2,843,988 -$687,402	$4,262,280
6	$8,183,460	-$2,988,211 -$721,781	$4,473,468
7	$8,592,420	-$3,139,526 -$757,851	$4,695,043
8	$9,022,254	-$3,298,564 -$795,763	$4,927,927
9	$9,473,388	-$3,465,484 -$835,553	$5,172,351
10	$9,947,100	-$3,640,757 -$877,334	$5,429,009
11	$10,444,242	-$3,824,700 -$921,182	$5,698,360
12	$10,966,518	-$4,017,942 -$967,247	$5,981,329
13	$11,514,780	-$4,220,799 -$1,015,604	$6,278,377
14	$12,090,732	-$4,433,901 -$1,066,403	$6,590,428
15	$12,695,226	-$4,657,564 -$1,119,719	$6,917,943
16	$13,329,966	-$4,892,418 -$1,175,703	$7,261,845
17	$13,996,230	-$5,138,935 -$1,234,467	$7,622,828
18	$14,696,148	-$5,397,905 -$1,296,200	$8,002,043
19	$15,430,998	-$5,669,800 -$1,361,014	$8,400,184
20	$16,202,484	-$5,955,249 -$1,429,059	$8,818,176
21	$17,012,736	-$6,255,043 -$1,500,523	$9,257,170
22	$17,863,458	-$6,569,810 -$1,575,557	$9,718,091
23	$18,756,354	-$6,900,181 -$1,654,310	$10,201,863
24	$19,694,406	-$7,247,261 -$1,737,047	$10,710,098
25	$20,678,892	-$7,611,520 -$1,823,878	$11,243,494
26	$21,713,220	-$7,994,222 -$1,915,106	$11,803,892
27	$22,798,668	-$8,395,838 -$2,010,843	$12,391,987
28	$23,938,644	-$8,817,629 -$2,111,388	$13,009,627
29	$25,135,704	-$9,260,541 -$2,216,969	$13,658,194
30	$26,392,404	-$9,725,520 -$2,327,810	$14,339,074