The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(8.82%) | $12,180,420 | | Net Lumpsum Payment | $74,862,250 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$391,612 |
$2,445,286 |
| 2 |
$4,662,180 |
$1,685,337
$411,204 |
$2,565,639 |
| 3 |
$4,895,230 |
$1,771,565
$431,759 |
$2,691,906 |
| 4 |
$5,140,080 |
$1,862,160
$453,355 |
$2,824,565 |
| 5 |
$5,397,025 |
$1,957,230
$476,018 |
$2,963,777 |
| 6 |
$5,666,950 |
$2,057,102
$499,825 |
$3,110,023 |
| 7 |
$5,950,150 |
$2,161,886
$524,803 |
$3,263,461 |
| 8 |
$6,247,805 |
$2,272,018
$551,056 |
$3,424,731 |
| 9 |
$6,560,210 |
$2,387,608
$578,611 |
$3,593,991 |
| 10 |
$6,888,250 |
$2,508,983
$607,544 |
$3,771,723 |
| 11 |
$7,232,515 |
$2,636,361
$637,908 |
$3,958,246 |
| 12 |
$7,594,185 |
$2,770,179
$669,807 |
$4,154,199 |
| 13 |
$7,973,850 |
$2,910,655
$703,294 |
$4,359,901 |
| 14 |
$8,372,690 |
$3,058,226
$738,471 |
$4,575,993 |
| 15 |
$8,791,295 |
$3,213,110
$775,392 |
$4,802,793 |
| 16 |
$9,230,845 |
$3,375,743
$814,161 |
$5,040,941 |
| 17 |
$9,692,225 |
$3,546,454
$854,854 |
$5,290,917 |
| 18 |
$10,176,910 |
$3,725,787
$897,603 |
$5,553,520 |
| 19 |
$10,685,785 |
$3,914,071
$942,486 |
$5,829,228 |
| 20 |
$11,220,030 |
$4,111,741
$989,607 |
$6,118,682 |
| 21 |
$11,781,120 |
$4,319,345
$1,039,095 |
$6,422,680 |
| 22 |
$12,370,235 |
$4,537,317
$1,091,055 |
$6,741,863 |
| 23 |
$12,988,555 |
$4,766,096
$1,145,591 |
$7,076,868 |
| 24 |
$13,638,145 |
$5,006,444
$1,202,884 |
$7,428,817 |
| 25 |
$14,319,890 |
$5,258,690
$1,263,014 |
$7,798,186 |
| 26 |
$15,036,150 |
$5,523,706
$1,326,188 |
$8,186,256 |
| 27 |
$15,787,810 |
$5,801,820
$1,392,485 |
$8,593,505 |
| 28 |
$16,577,230 |
$6,093,905
$1,462,112 |
$9,021,213 |
| 29 |
$17,406,180 |
$6,400,617
$1,535,225 |
$9,470,338 |
| 30 |
$18,276,430 |
$6,722,609
$1,611,981 |
$9,941,840 |
|
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