The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(8.82%) | $11,783,520 | | Net Lumpsum Payment | $72,424,150 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$415,507 |
$2,592,069 |
| 2 |
$4,946,652 |
$1,790,592
$436,295 |
$2,719,765 |
| 3 |
$5,193,922 |
$1,882,082
$458,104 |
$2,853,736 |
| 4 |
$5,453,712 |
$1,978,204
$481,017 |
$2,994,491 |
| 5 |
$5,726,335 |
$2,079,074
$505,063 |
$3,142,198 |
| 6 |
$6,012,730 |
$2,185,040
$530,323 |
$3,297,367 |
| 7 |
$6,313,210 |
$2,296,218
$556,825 |
$3,460,167 |
| 8 |
$6,629,027 |
$2,413,070
$584,680 |
$3,631,277 |
| 9 |
$6,960,494 |
$2,535,713
$613,916 |
$3,810,865 |
| 10 |
$7,308,550 |
$2,664,494
$644,614 |
$3,999,442 |
| 11 |
$7,673,821 |
$2,799,644
$676,831 |
$4,197,346 |
| 12 |
$8,057,559 |
$2,941,627
$710,677 |
$4,405,255 |
| 13 |
$8,460,390 |
$3,090,675
$746,206 |
$4,623,509 |
| 14 |
$8,883,566 |
$3,247,250
$783,531 |
$4,852,785 |
| 15 |
$9,327,713 |
$3,411,584
$822,704 |
$5,093,425 |
| 16 |
$9,794,083 |
$3,584,141
$863,838 |
$5,346,104 |
| 17 |
$10,283,615 |
$3,765,268
$907,015 |
$5,611,332 |
| 18 |
$10,797,874 |
$3,955,544
$952,372 |
$5,889,958 |
| 19 |
$11,337,799 |
$4,155,316
$999,994 |
$6,182,489 |
| 20 |
$11,904,642 |
$4,365,048
$1,049,989 |
$6,489,605 |
| 21 |
$12,499,968 |
$4,585,319
$1,102,497 |
$6,812,152 |
| 22 |
$13,125,029 |
$4,816,591
$1,157,628 |
$7,150,810 |
| 23 |
$13,781,077 |
$5,059,329
$1,215,491 |
$7,506,257 |
| 24 |
$14,470,303 |
$5,314,342
$1,276,281 |
$7,879,680 |
| 25 |
$15,193,646 |
$5,581,979
$1,340,080 |
$8,271,587 |
| 26 |
$15,953,610 |
$5,863,166
$1,407,108 |
$8,683,336 |
| 27 |
$16,751,134 |
$6,158,250
$1,477,450 |
$9,115,434 |
| 28 |
$17,588,722 |
$6,468,158
$1,551,325 |
$9,569,239 |
| 29 |
$18,468,252 |
$6,793,584
$1,628,900 |
$10,045,768 |
| 30 |
$19,391,602 |
$7,135,223
$1,710,339 |
$10,546,040 |
|
|
