The jackpot for the Powerball draw on Sat Apr 4, 2026, is projected to be $217 Million, with an option for a cash payout of $97.4 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 Sat Apr 4, 2026 |
|---|
| Draw Date | Sat Apr 4, 2026 | | Projected Jackpot | $217,000,000 | | Cash Value | $97,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,400,000 | | Federal Tax(24%) | $23,376,000 | | Additional Federal Tax | $12,622,330 | | State Tax(8.82%) | $8,590,680 | | Net Lumpsum Payment | $52,810,990 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,266,067 |
$1,168,775
$288,067 |
$1,809,225 |
| 2 |
$3,429,468 |
$1,229,234
$302,479 |
$1,897,755 |
| 3 |
$3,600,898 |
$1,292,663
$317,599 |
$1,990,636 |
| 4 |
$3,781,008 |
$1,359,303
$333,485 |
$2,088,220 |
| 5 |
$3,970,015 |
$1,429,236
$350,155 |
$2,190,624 |
| 6 |
$4,168,570 |
$1,502,701
$367,668 |
$2,298,201 |
| 7 |
$4,376,890 |
$1,579,780
$386,042 |
$2,411,068 |
| 8 |
$4,595,843 |
$1,660,792
$405,353 |
$2,529,698 |
| 9 |
$4,825,646 |
$1,745,819
$425,622 |
$2,654,205 |
| 10 |
$5,066,950 |
$1,835,102
$446,905 |
$2,784,943 |
| 11 |
$5,320,189 |
$1,928,800
$469,241 |
$2,922,148 |
| 12 |
$5,586,231 |
$2,027,236
$492,706 |
$3,066,289 |
| 13 |
$5,865,510 |
$2,130,569
$517,338 |
$3,217,603 |
| 14 |
$6,158,894 |
$2,239,121
$543,214 |
$3,376,559 |
| 15 |
$6,466,817 |
$2,353,053
$570,373 |
$3,543,391 |
| 16 |
$6,790,147 |
$2,472,685
$598,891 |
$3,718,571 |
| 17 |
$7,129,535 |
$2,598,258
$628,825 |
$3,902,452 |
| 18 |
$7,486,066 |
$2,730,175
$660,271 |
$4,095,620 |
| 19 |
$7,860,391 |
$2,868,675
$693,286 |
$4,298,430 |
| 20 |
$8,253,378 |
$3,014,080
$727,948 |
$4,511,350 |
| 21 |
$8,666,112 |
$3,166,792
$764,351 |
$4,734,969 |
| 22 |
$9,099,461 |
$3,327,131
$802,572 |
$4,969,758 |
| 23 |
$9,554,293 |
$3,495,419
$842,689 |
$5,216,185 |
| 24 |
$10,032,127 |
$3,672,217
$884,834 |
$5,475,076 |
| 25 |
$10,533,614 |
$3,857,768
$929,065 |
$5,746,781 |
| 26 |
$11,060,490 |
$4,052,712
$975,535 |
$6,032,243 |
| 27 |
$11,613,406 |
$4,257,291
$1,024,302 |
$6,331,813 |
| 28 |
$12,194,098 |
$4,472,147
$1,075,519 |
$6,646,432 |
| 29 |
$12,803,868 |
$4,697,762
$1,129,301 |
$6,976,805 |
| 30 |
$13,444,018 |
$4,934,617
$1,185,762 |
$7,323,639 |
|
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