The jackpot for the Powerball draw on Wed Sep 30, 2026, is projected to be $409 Million, with an option for a cash payout of $170.2 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 Wed Sep 30, 2026 |
|---|
| Draw Date | Wed Sep 30, 2026 | | Projected Jackpot | $409,000,000 | | Cash Value | $170,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,200,000 | | Federal Tax(24%) | $40,848,000 | | Additional Federal Tax | $22,086,330 | | State Tax(8.82%) | $15,011,640 | | Net Lumpsum Payment | $92,254,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,155,859 |
$2,237,998
$542,947 |
$3,374,914 |
| 2 |
$6,463,836 |
$2,351,950
$570,110 |
$3,541,776 |
| 3 |
$6,786,946 |
$2,471,500
$598,609 |
$3,716,837 |
| 4 |
$7,126,416 |
$2,597,104
$628,550 |
$3,900,762 |
| 5 |
$7,482,655 |
$2,728,913
$659,970 |
$4,093,772 |
| 6 |
$7,856,890 |
$2,867,380
$692,978 |
$4,296,532 |
| 7 |
$8,249,530 |
$3,012,656
$727,609 |
$4,509,265 |
| 8 |
$8,662,211 |
$3,165,348
$764,007 |
$4,732,856 |
| 9 |
$9,095,342 |
$3,325,607
$802,209 |
$4,967,526 |
| 10 |
$9,550,150 |
$3,493,886
$842,323 |
$5,213,941 |
| 11 |
$10,027,453 |
$3,670,488
$884,421 |
$5,472,544 |
| 12 |
$10,528,887 |
$3,856,019
$928,648 |
$5,744,220 |
| 13 |
$11,055,270 |
$4,050,780
$975,075 |
$6,029,415 |
| 14 |
$11,608,238 |
$4,255,378
$1,023,847 |
$6,329,013 |
| 15 |
$12,188,609 |
$4,470,116
$1,075,035 |
$6,643,458 |
| 16 |
$12,798,019 |
$4,695,597
$1,128,785 |
$6,973,637 |
| 17 |
$13,437,695 |
$4,932,278
$1,185,205 |
$7,320,212 |
| 18 |
$14,109,682 |
$5,180,913
$1,244,474 |
$7,684,295 |
| 19 |
$14,815,207 |
$5,441,957
$1,306,701 |
$8,066,549 |
| 20 |
$15,555,906 |
$5,716,016
$1,372,031 |
$8,467,859 |
| 21 |
$16,333,824 |
$6,003,845
$1,440,643 |
$8,889,336 |
| 22 |
$17,150,597 |
$6,306,051
$1,512,683 |
$9,331,863 |
| 23 |
$18,007,861 |
$6,623,239
$1,588,293 |
$9,796,329 |
| 24 |
$18,908,479 |
$6,956,468
$1,667,728 |
$10,284,283 |
| 25 |
$19,853,678 |
$7,306,191
$1,751,094 |
$10,796,393 |
| 26 |
$20,846,730 |
$7,673,620
$1,838,682 |
$11,334,428 |
| 27 |
$21,888,862 |
$8,059,209
$1,930,598 |
$11,899,055 |
| 28 |
$22,983,346 |
$8,464,168
$2,027,131 |
$12,492,047 |
| 29 |
$24,132,636 |
$8,889,406
$2,128,498 |
$13,114,732 |
| 30 |
$25,339,186 |
$9,335,829
$2,234,916 |
$13,768,441 |
|
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