The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(8.82%) | $1,340,640 | | Net Lumpsum Payment | $8,275,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$43,807 |
$308,773 |
| 2 |
$521,532 |
$153,297
$45,999 |
$322,236 |
| 3 |
$547,602 |
$162,943
$48,298 |
$336,361 |
| 4 |
$574,992 |
$173,077
$50,714 |
$351,201 |
| 5 |
$603,735 |
$183,712
$53,249 |
$366,774 |
| 6 |
$633,930 |
$194,884
$55,913 |
$383,133 |
| 7 |
$665,610 |
$206,606
$58,707 |
$400,297 |
| 8 |
$698,907 |
$218,926
$61,644 |
$418,337 |
| 9 |
$733,854 |
$231,856
$64,726 |
$437,272 |
| 10 |
$770,550 |
$245,434
$67,963 |
$457,153 |
| 11 |
$809,061 |
$259,683
$71,359 |
$478,019 |
| 12 |
$849,519 |
$274,652
$74,928 |
$499,939 |
| 13 |
$891,990 |
$290,367
$78,674 |
$522,949 |
| 14 |
$936,606 |
$306,875
$82,609 |
$547,122 |
| 15 |
$983,433 |
$324,201
$86,739 |
$572,493 |
| 16 |
$1,032,603 |
$342,393
$91,076 |
$599,134 |
| 17 |
$1,084,215 |
$361,490
$95,628 |
$627,097 |
| 18 |
$1,138,434 |
$381,551
$100,410 |
$656,473 |
| 19 |
$1,195,359 |
$402,613
$105,431 |
$687,315 |
| 20 |
$1,255,122 |
$424,726
$110,702 |
$719,694 |
| 21 |
$1,317,888 |
$447,949
$116,238 |
$753,701 |
| 22 |
$1,383,789 |
$472,332
$122,050 |
$789,407 |
| 23 |
$1,452,957 |
$497,924
$128,151 |
$826,882 |
| 24 |
$1,525,623 |
$524,811
$134,560 |
$866,252 |
| 25 |
$1,601,886 |
$553,028
$141,286 |
$907,572 |
| 26 |
$1,682,010 |
$582,674
$148,353 |
$950,983 |
| 27 |
$1,766,094 |
$613,785
$155,769 |
$996,540 |
| 28 |
$1,854,402 |
$646,459
$163,558 |
$1,044,385 |
| 29 |
$1,947,132 |
$680,769
$171,737 |
$1,094,626 |
| 30 |
$2,044,482 |
$716,789
$180,323 |
$1,147,370 |
|
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