Jackpot Analysis New York Powerball

Jackpot Analysis for New York Powerball
The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.

New York Powerball Jackpot/Cash Option for Sat Apr 26, 2025
Draw DateSat Apr 26, 2025
Projected Jackpot$168,000,000
Cash Value$77,100,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$77,100,000
Federal Tax(24%)$18,504,000
Additional Federal Tax$9,983,330
State Tax(8.82%)$6,800,220
Net Lumpsum Payment$41,812,450
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,528,568 $895,901
$223,020
$1,409,647
2 $2,655,072 $942,707
$234,177
$1,478,188
3 $2,787,792 $991,813
$245,883
$1,550,096
4 $2,927,232 $1,043,406
$258,182
$1,625,644
5 $3,073,560 $1,097,548
$271,088
$1,704,924
6 $3,227,280 $1,154,424
$284,646
$1,788,210
7 $3,388,560 $1,214,098
$298,871
$1,875,591
8 $3,558,072 $1,276,817
$313,822
$1,967,433
9 $3,735,984 $1,342,644
$329,514
$2,063,826
10 $3,922,800 $1,411,766
$345,991
$2,165,043
11 $4,118,856 $1,484,307
$363,283
$2,271,266
12 $4,324,824 $1,560,515
$381,449
$2,382,860
13 $4,541,040 $1,640,515
$400,520
$2,500,005
14 $4,768,176 $1,724,556
$420,553
$2,623,067
15 $5,006,568 $1,812,761
$441,579
$2,752,228
16 $5,256,888 $1,905,379
$463,658
$2,887,851
17 $5,519,640 $2,002,597
$486,832
$3,030,211
18 $5,795,664 $2,104,726
$511,178
$3,179,760
19 $6,085,464 $2,211,952
$536,738
$3,336,774
20 $6,389,712 $2,324,524
$563,573
$3,501,615
21 $6,709,248 $2,442,752
$591,756
$3,674,740
22 $7,044,744 $2,566,886
$621,346
$3,856,512
23 $7,396,872 $2,697,173
$652,404
$4,047,295
24 $7,766,808 $2,834,049
$685,032
$4,247,727
25 $8,155,056 $2,977,701
$719,276
$4,458,079
26 $8,562,960 $3,128,626
$755,253
$4,679,081
27 $8,991,024 $3,287,009
$793,008
$4,911,007
28 $9,440,592 $3,453,349
$832,660
$5,154,583
29 $9,912,672 $3,628,019
$874,298
$5,410,355
30 $10,408,272 $3,811,391
$918,010
$5,678,871