The jackpot for the Powerball draw on Wed Sep 16, 2026, is projected to be $271 Million, with an option for a cash payout of $115.1 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 Sep 16, 2026 |
|---|
| Draw Date | Wed Sep 16, 2026 | | Projected Jackpot | $271,000,000 | | Cash Value | $115,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,100,000 | | Federal Tax(24%) | $27,624,000 | | Additional Federal Tax | $14,923,330 | | State Tax(8.82%) | $10,151,820 | | Net Lumpsum Payment | $62,400,850 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,078,821 |
$1,469,494
$359,752 |
$2,249,575 |
| 2 |
$4,282,884 |
$1,544,997
$377,750 |
$2,360,137 |
| 3 |
$4,496,974 |
$1,624,211
$396,633 |
$2,476,130 |
| 4 |
$4,721,904 |
$1,707,435
$416,472 |
$2,597,997 |
| 5 |
$4,957,945 |
$1,794,770
$437,291 |
$2,725,884 |
| 6 |
$5,205,910 |
$1,886,517
$459,161 |
$2,860,232 |
| 7 |
$5,466,070 |
$1,982,776
$482,107 |
$3,001,187 |
| 8 |
$5,739,509 |
$2,083,949
$506,225 |
$3,149,335 |
| 9 |
$6,026,498 |
$2,190,135
$531,537 |
$3,304,826 |
| 10 |
$6,327,850 |
$2,301,635
$558,116 |
$3,468,099 |
| 11 |
$6,644,107 |
$2,418,650
$586,010 |
$3,639,447 |
| 12 |
$6,976,353 |
$2,541,581
$615,314 |
$3,819,458 |
| 13 |
$7,325,130 |
$2,670,628
$646,076 |
$4,008,426 |
| 14 |
$7,691,522 |
$2,806,194
$678,392 |
$4,206,936 |
| 15 |
$8,076,071 |
$2,948,477
$712,309 |
$4,415,285 |
| 16 |
$8,479,861 |
$3,097,879
$747,924 |
$4,634,058 |
| 17 |
$8,903,705 |
$3,254,701
$785,307 |
$4,863,697 |
| 18 |
$9,348,958 |
$3,419,445
$824,578 |
$5,104,935 |
| 19 |
$9,816,433 |
$3,592,411
$865,809 |
$5,358,213 |
| 20 |
$10,307,214 |
$3,774,000
$909,096 |
$5,624,118 |
| 21 |
$10,822,656 |
$3,964,713
$954,558 |
$5,903,385 |
| 22 |
$11,363,843 |
$4,164,952
$1,002,291 |
$6,196,600 |
| 23 |
$11,931,859 |
$4,375,118
$1,052,390 |
$6,504,351 |
| 24 |
$12,528,601 |
$4,595,913
$1,105,023 |
$6,827,665 |
| 25 |
$13,154,882 |
$4,827,637
$1,160,261 |
$7,166,984 |
| 26 |
$13,812,870 |
$5,071,092
$1,218,295 |
$7,523,483 |
| 27 |
$14,503,378 |
$5,326,580
$1,279,198 |
$7,897,600 |
| 28 |
$15,228,574 |
$5,594,903
$1,343,160 |
$8,290,511 |
| 29 |
$15,990,084 |
$5,876,661
$1,410,325 |
$8,703,098 |
| 30 |
$16,789,534 |
$6,172,458
$1,480,837 |
$9,136,239 |
|
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