The jackpot for the Powerball draw on Sat Jun 20, 2026, is projected to be $302 Million, with an option for a cash payout of $135.3 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 Jun 20, 2026 |
|---|
| Draw Date | Sat Jun 20, 2026 | | Projected Jackpot | $302,000,000 | | Cash Value | $135,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $135,300,000 | | Federal Tax(24%) | $32,472,000 | | Additional Federal Tax | $17,549,330 | | State Tax(8.82%) | $11,933,460 | | Net Lumpsum Payment | $73,345,210 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$400,904 |
$2,502,369 |
| 2 |
$4,772,808 |
$1,726,269
$420,962 |
$2,625,577 |
| 3 |
$5,011,388 |
$1,814,544
$442,004 |
$2,754,840 |
| 4 |
$5,262,048 |
$1,907,288
$464,113 |
$2,890,647 |
| 5 |
$5,525,090 |
$2,004,614
$487,313 |
$3,033,163 |
| 6 |
$5,801,420 |
$2,106,856
$511,685 |
$3,182,879 |
| 7 |
$6,091,340 |
$2,214,126
$537,256 |
$3,339,958 |
| 8 |
$6,396,058 |
$2,326,872
$564,132 |
$3,505,054 |
| 9 |
$6,715,876 |
$2,445,205
$592,340 |
$3,678,331 |
| 10 |
$7,051,700 |
$2,569,459
$621,960 |
$3,860,281 |
| 11 |
$7,404,134 |
$2,699,860
$653,045 |
$4,051,229 |
| 12 |
$7,774,386 |
$2,836,853
$685,701 |
$4,251,832 |
| 13 |
$8,163,060 |
$2,980,663
$719,982 |
$4,462,415 |
| 14 |
$8,571,364 |
$3,131,735
$755,994 |
$4,683,635 |
| 15 |
$8,999,902 |
$3,290,294
$793,791 |
$4,915,817 |
| 16 |
$9,449,882 |
$3,456,787
$833,480 |
$5,159,615 |
| 17 |
$9,922,210 |
$3,631,548
$875,139 |
$5,415,523 |
| 18 |
$10,418,396 |
$3,815,137
$918,903 |
$5,684,356 |
| 19 |
$10,939,346 |
$4,007,888
$964,850 |
$5,966,608 |
| 20 |
$11,486,268 |
$4,210,250
$1,013,089 |
$6,262,929 |
| 21 |
$12,060,672 |
$4,422,779
$1,063,751 |
$6,574,142 |
| 22 |
$12,663,766 |
$4,645,924
$1,116,944 |
$6,900,898 |
| 23 |
$13,296,758 |
$4,880,131
$1,172,774 |
$7,243,853 |
| 24 |
$13,961,762 |
$5,126,182
$1,231,427 |
$7,604,153 |
| 25 |
$14,659,684 |
$5,384,413
$1,292,984 |
$7,982,287 |
| 26 |
$15,392,940 |
$5,655,718
$1,357,657 |
$8,379,565 |
| 27 |
$16,162,436 |
$5,940,432
$1,425,527 |
$8,796,477 |
| 28 |
$16,970,588 |
$6,239,448
$1,496,806 |
$9,234,334 |
| 29 |
$17,819,208 |
$6,553,437
$1,571,654 |
$9,694,117 |
| 30 |
$18,710,108 |
$6,883,070
$1,650,232 |
$10,176,806 |
|
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