Jackpot Analysis New York Powerball

Jackpot Analysis for New York Powerball
The jackpot for the Powerball draw on Wed Apr 30, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Apr 30, 2025
Draw DateWed Apr 30, 2025
Projected Jackpot$30,000,000
Cash Value$13,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,900,000
Federal Tax(24%)$3,336,000
Additional Federal Tax$1,767,330
State Tax(8.82%)$1,225,980
Net Lumpsum Payment$7,570,690
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $451,530 $127,396
$39,825
$284,309
2 $474,120 $135,755
$41,817
$296,548
3 $497,820 $144,524
$43,908
$309,388
4 $522,720 $153,737
$46,104
$322,879
5 $548,850 $163,405
$48,409
$337,036
6 $576,300 $173,561
$50,830
$351,909
7 $605,100 $184,217
$53,370
$367,513
8 $635,370 $195,417
$56,040
$383,913
9 $667,140 $207,172
$58,842
$401,126
10 $700,500 $219,515
$61,784
$419,201
11 $735,510 $232,469
$64,872
$438,169
12 $772,290 $246,078
$68,116
$458,096
13 $810,900 $260,363
$71,521
$479,016
14 $851,460 $275,371
$75,099
$500,990
15 $894,030 $291,121
$78,853
$524,056
16 $938,730 $307,660
$82,796
$548,274
17 $985,650 $325,021
$86,934
$573,695
18 $1,034,940 $343,258
$91,282
$600,400
19 $1,086,690 $362,406
$95,846
$628,438
20 $1,141,020 $382,508
$100,638
$657,874
21 $1,198,080 $403,620
$105,671
$688,789
22 $1,257,990 $425,787
$110,955
$721,248
23 $1,320,870 $449,052
$116,501
$755,317
24 $1,386,930 $473,494
$122,327
$791,109
25 $1,456,260 $499,147
$128,442
$828,671
26 $1,529,100 $526,097
$134,867
$868,136
27 $1,605,540 $554,380
$141,609
$909,551
28 $1,685,820 $584,084
$148,689
$953,047
29 $1,770,120 $615,275
$156,125
$998,720
30 $1,858,620 $648,020
$163,930
$1,046,670