The jackpot for the Powerball draw on Mon Sep 1, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $498.4 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 Mon Sep 1, 2025 |
|---|
| Draw Date | Mon Sep 1, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $498,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $498,400,000 | | Federal Tax(24%) | $119,616,000 | | Additional Federal Tax | $64,752,330 | | State Tax(8.82%) | $43,958,880 | | Net Lumpsum Payment | $270,072,790 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$1,460,248 |
$9,009,765 |
| 2 |
$17,384,400 |
$6,392,558
$1,533,304 |
$9,458,538 |
| 3 |
$18,253,400 |
$6,714,088
$1,609,950 |
$9,929,362 |
| 4 |
$19,166,400 |
$7,051,898
$1,690,476 |
$10,424,026 |
| 5 |
$20,124,500 |
$7,406,395
$1,774,981 |
$10,943,124 |
| 6 |
$21,131,000 |
$7,778,800
$1,863,754 |
$11,488,446 |
| 7 |
$22,187,000 |
$8,169,520
$1,956,893 |
$12,060,587 |
| 8 |
$23,296,900 |
$8,580,183
$2,054,787 |
$12,661,930 |
| 9 |
$24,461,800 |
$9,011,196
$2,157,531 |
$13,293,073 |
| 10 |
$25,685,000 |
$9,463,780
$2,265,417 |
$13,955,803 |
| 11 |
$26,968,700 |
$9,938,749
$2,378,639 |
$14,651,312 |
| 12 |
$28,317,300 |
$10,437,731
$2,497,586 |
$15,381,983 |
| 13 |
$29,733,000 |
$10,961,540
$2,622,451 |
$16,149,009 |
| 14 |
$31,220,200 |
$11,511,804
$2,753,622 |
$16,954,774 |
| 15 |
$32,781,100 |
$12,089,337
$2,891,293 |
$17,800,470 |
| 16 |
$34,420,100 |
$12,695,767
$3,035,853 |
$18,688,480 |
| 17 |
$36,140,500 |
$13,332,315
$3,187,592 |
$19,620,593 |
| 18 |
$37,947,800 |
$14,001,016
$3,346,996 |
$20,599,788 |
| 19 |
$39,845,300 |
$14,703,091
$3,514,355 |
$21,627,854 |
| 20 |
$41,837,400 |
$15,440,168
$3,690,059 |
$22,707,173 |
| 21 |
$43,929,600 |
$16,214,282
$3,874,591 |
$23,840,727 |
| 22 |
$46,126,300 |
$17,027,061
$4,068,340 |
$25,030,899 |
| 23 |
$48,431,900 |
$17,880,133
$4,271,694 |
$26,280,073 |
| 24 |
$50,854,100 |
$18,776,347
$4,485,332 |
$27,592,421 |
| 25 |
$53,396,200 |
$19,716,924
$4,709,545 |
$28,969,731 |
| 26 |
$56,067,000 |
$20,705,120
$4,945,109 |
$30,416,771 |
| 27 |
$58,869,800 |
$21,742,156
$5,192,316 |
$31,935,328 |
| 28 |
$61,813,400 |
$22,831,288
$5,451,942 |
$33,530,170 |
| 29 |
$64,904,400 |
$23,974,958
$5,724,568 |
$35,204,874 |
| 30 |
$68,149,400 |
$25,175,608
$6,010,777 |
$36,963,015 |
|
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