The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(8.82%) | $60,549,300 | | Net Lumpsum Payment | $371,985,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$1,991,247 |
$12,271,618 |
| 2 |
$23,706,000 |
$8,731,550
$2,090,869 |
$12,883,581 |
| 3 |
$24,891,000 |
$9,170,000
$2,195,386 |
$13,525,614 |
| 4 |
$26,136,000 |
$9,630,650
$2,305,195 |
$14,200,155 |
| 5 |
$27,442,500 |
$10,114,055
$2,420,429 |
$14,908,016 |
| 6 |
$28,815,000 |
$10,621,880
$2,541,483 |
$15,651,637 |
| 7 |
$30,255,000 |
$11,154,680
$2,668,491 |
$16,431,829 |
| 8 |
$31,768,500 |
$11,714,675
$2,801,982 |
$17,251,843 |
| 9 |
$33,357,000 |
$12,302,420
$2,942,087 |
$18,112,493 |
| 10 |
$35,025,000 |
$12,919,580
$3,089,205 |
$19,016,215 |
| 11 |
$36,775,500 |
$13,567,265
$3,243,599 |
$19,964,636 |
| 12 |
$38,614,500 |
$14,247,695
$3,405,799 |
$20,961,006 |
| 13 |
$40,545,000 |
$14,961,980
$3,576,069 |
$22,006,951 |
| 14 |
$42,573,000 |
$15,712,340
$3,754,939 |
$23,105,721 |
| 15 |
$44,701,500 |
$16,499,885
$3,942,672 |
$24,258,943 |
| 16 |
$46,936,500 |
$17,326,835
$4,139,799 |
$25,469,866 |
| 17 |
$49,282,500 |
$18,194,855
$4,346,717 |
$26,740,928 |
| 18 |
$51,747,000 |
$19,106,720
$4,564,085 |
$28,076,195 |
| 19 |
$54,334,500 |
$20,064,095
$4,792,303 |
$29,478,102 |
| 20 |
$57,051,000 |
$21,069,200
$5,031,898 |
$30,949,902 |
| 21 |
$59,904,000 |
$22,124,810
$5,283,533 |
$32,495,657 |
| 22 |
$62,899,500 |
$23,233,145
$5,547,736 |
$34,118,619 |
| 23 |
$66,043,500 |
$24,396,425
$5,825,037 |
$35,822,038 |
| 24 |
$69,346,500 |
$25,618,535
$6,116,361 |
$37,611,604 |
| 25 |
$72,813,000 |
$26,901,140
$6,422,107 |
$39,489,753 |
| 26 |
$76,455,000 |
$28,248,680
$6,743,331 |
$41,462,989 |
| 27 |
$80,277,000 |
$29,662,820
$7,080,431 |
$43,533,749 |
| 28 |
$84,291,000 |
$31,148,000
$7,434,466 |
$45,708,534 |
| 29 |
$88,506,000 |
$32,707,550
$7,806,229 |
$47,992,221 |
| 30 |
$92,931,000 |
$34,344,800
$8,196,514 |
$50,389,686 |
|
|
