Jackpot Analysis New York Powerball

Jackpot Analysis for New York Powerball
The jackpot for the Powerball draw on Sat Mar 15, 2025, is projected to be $378 Million, with an option for a cash payout of $177.5 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 Mar 15, 2025
Draw DateSat Mar 15, 2025
Projected Jackpot$378,000,000
Cash Value$177,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$177,500,000
Federal Tax(24%)$42,600,000
Additional Federal Tax$23,035,330
State Tax(8.82%)$15,655,500
Net Lumpsum Payment$96,209,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,689,278 $2,065,363
$501,794
$3,122,121
2 $5,973,912 $2,170,678
$526,899
$3,276,335
3 $6,272,532 $2,281,167
$553,237
$3,438,128
4 $6,586,272 $2,397,251
$580,909
$3,608,112
5 $6,915,510 $2,519,069
$609,948
$3,786,493
6 $7,261,380 $2,647,041
$640,454
$3,973,885
7 $7,624,260 $2,781,307
$672,460
$4,170,493
8 $8,005,662 $2,922,425
$706,099
$4,377,138
9 $8,405,964 $3,070,537
$741,406
$4,594,021
10 $8,826,300 $3,226,061
$778,480
$4,821,759
11 $9,267,426 $3,389,278
$817,387
$5,060,761
12 $9,730,854 $3,560,746
$858,261
$5,311,847
13 $10,217,340 $3,740,746
$901,169
$5,575,425
14 $10,728,396 $3,929,837
$946,245
$5,852,314
15 $11,264,778 $4,128,298
$993,553
$6,142,927
16 $11,827,998 $4,336,690
$1,043,229
$6,448,079
17 $12,419,190 $4,555,431
$1,095,373
$6,768,386
18 $13,040,244 $4,785,221
$1,150,150
$7,104,873
19 $13,692,294 $5,026,479
$1,207,660
$7,458,155
20 $14,376,852 $5,279,766
$1,268,038
$7,829,048
21 $15,095,808 $5,545,779
$1,331,450
$8,218,579
22 $15,850,674 $5,825,080
$1,398,029
$8,627,565
23 $16,642,962 $6,118,226
$1,467,909
$9,056,827
24 $17,475,318 $6,426,198
$1,541,323
$9,507,797
25 $18,348,876 $6,749,415
$1,618,371
$9,981,090
26 $19,266,660 $7,088,995
$1,699,319
$10,478,346
27 $20,229,804 $7,445,358
$1,784,269
$11,000,177
28 $21,241,332 $7,819,623
$1,873,485
$11,548,224
29 $22,303,512 $8,212,630
$1,967,170
$12,123,712
30 $23,418,612 $8,625,217
$2,065,522
$12,727,873