The jackpot for the Powerball draw on Sat May 16, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 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 those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.
| New Hampshire Powerball Jackpot/Cash Option for Sat May 16, 2026 |
|---|
| Draw Date | Sat May 16, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $24,483,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$0 |
$855,133 |
| 2 |
$1,359,144 |
$463,214
$0 |
$895,930 |
| 3 |
$1,427,084 |
$488,351
$0 |
$938,733 |
| 4 |
$1,498,464 |
$514,762
$0 |
$983,702 |
| 5 |
$1,573,370 |
$542,477
$0 |
$1,030,893 |
| 6 |
$1,652,060 |
$571,593
$0 |
$1,080,467 |
| 7 |
$1,734,620 |
$602,140
$0 |
$1,132,480 |
| 8 |
$1,821,394 |
$634,246
$0 |
$1,187,148 |
| 9 |
$1,912,468 |
$667,944
$0 |
$1,244,524 |
| 10 |
$2,008,100 |
$703,327
$0 |
$1,304,773 |
| 11 |
$2,108,462 |
$740,461
$0 |
$1,368,001 |
| 12 |
$2,213,898 |
$779,473
$0 |
$1,434,425 |
| 13 |
$2,324,580 |
$820,425
$0 |
$1,504,155 |
| 14 |
$2,440,852 |
$863,446
$0 |
$1,577,406 |
| 15 |
$2,562,886 |
$908,598
$0 |
$1,654,288 |
| 16 |
$2,691,026 |
$956,010
$0 |
$1,735,016 |
| 17 |
$2,825,530 |
$1,005,776
$0 |
$1,819,754 |
| 18 |
$2,966,828 |
$1,058,057
$0 |
$1,908,771 |
| 19 |
$3,115,178 |
$1,112,946
$0 |
$2,002,232 |
| 20 |
$3,270,924 |
$1,170,572
$0 |
$2,100,352 |
| 21 |
$3,434,496 |
$1,231,094
$0 |
$2,203,402 |
| 22 |
$3,606,238 |
$1,294,638
$0 |
$2,311,600 |
| 23 |
$3,786,494 |
$1,361,333
$0 |
$2,425,161 |
| 24 |
$3,975,866 |
$1,431,401
$0 |
$2,544,465 |
| 25 |
$4,174,612 |
$1,504,937
$0 |
$2,669,675 |
| 26 |
$4,383,420 |
$1,582,196
$0 |
$2,801,224 |
| 27 |
$4,602,548 |
$1,663,273
$0 |
$2,939,275 |
| 28 |
$4,832,684 |
$1,748,423
$0 |
$3,084,261 |
| 29 |
$5,074,344 |
$1,837,838
$0 |
$3,236,506 |
| 30 |
$5,328,044 |
$1,931,707
$0 |
$3,396,337 |
|
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