The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(8.82%) | $7,673,400 | | Net Lumpsum Payment | $47,176,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$252,225 |
$1,589,049 |
| 2 |
$3,002,760 |
$1,071,352
$264,843 |
$1,666,565 |
| 3 |
$3,152,860 |
$1,126,889
$278,082 |
$1,747,889 |
| 4 |
$3,310,560 |
$1,185,238
$291,991 |
$1,833,331 |
| 5 |
$3,476,050 |
$1,246,469
$306,588 |
$1,922,993 |
| 6 |
$3,649,900 |
$1,310,793
$321,921 |
$2,017,186 |
| 7 |
$3,832,300 |
$1,378,281
$338,009 |
$2,116,010 |
| 8 |
$4,024,010 |
$1,449,214
$354,918 |
$2,219,878 |
| 9 |
$4,225,220 |
$1,523,662
$372,664 |
$2,328,894 |
| 10 |
$4,436,500 |
$1,601,835
$391,299 |
$2,443,366 |
| 11 |
$4,658,230 |
$1,683,875
$410,856 |
$2,563,499 |
| 12 |
$4,891,170 |
$1,770,063
$431,401 |
$2,689,706 |
| 13 |
$5,135,700 |
$1,860,539
$452,969 |
$2,822,192 |
| 14 |
$5,392,580 |
$1,955,585
$475,626 |
$2,961,369 |
| 15 |
$5,662,190 |
$2,055,341
$499,405 |
$3,107,444 |
| 16 |
$5,945,290 |
$2,160,088
$524,375 |
$3,260,827 |
| 17 |
$6,242,450 |
$2,270,037
$550,584 |
$3,421,829 |
| 18 |
$6,554,620 |
$2,385,540
$578,117 |
$3,590,963 |
| 19 |
$6,882,370 |
$2,506,807
$607,025 |
$3,768,538 |
| 20 |
$7,226,460 |
$2,634,121
$637,374 |
$3,954,965 |
| 21 |
$7,587,840 |
$2,767,831
$669,247 |
$4,150,762 |
| 22 |
$7,967,270 |
$2,908,220
$702,713 |
$4,356,337 |
| 23 |
$8,365,510 |
$3,055,569
$737,838 |
$4,572,103 |
| 24 |
$8,783,890 |
$3,210,370
$774,739 |
$4,798,781 |
| 25 |
$9,222,980 |
$3,372,833
$813,467 |
$5,036,680 |
| 26 |
$9,684,300 |
$3,543,521
$854,155 |
$5,286,624 |
| 27 |
$10,168,420 |
$3,722,646
$896,855 |
$5,548,919 |
| 28 |
$10,676,860 |
$3,910,769
$941,699 |
$5,824,392 |
| 29 |
$11,210,760 |
$4,108,312
$988,789 |
$6,113,659 |
| 30 |
$11,771,260 |
$4,315,697
$1,038,225 |
$6,417,338 |
|
|
