The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(8.82%) | $5,556,600 | | Net Lumpsum Payment | $34,173,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$185,850 |
$1,181,318 |
| 2 |
$2,212,560 |
$778,978
$195,148 |
$1,238,434 |
| 3 |
$2,323,160 |
$819,900
$204,903 |
$1,298,357 |
| 4 |
$2,439,360 |
$862,894
$215,152 |
$1,361,314 |
| 5 |
$2,561,300 |
$908,011
$225,907 |
$1,427,382 |
| 6 |
$2,689,400 |
$955,408
$237,205 |
$1,496,787 |
| 7 |
$2,823,800 |
$1,005,136
$249,059 |
$1,569,605 |
| 8 |
$2,965,060 |
$1,057,403
$261,518 |
$1,646,139 |
| 9 |
$3,113,320 |
$1,112,259
$274,595 |
$1,726,466 |
| 10 |
$3,269,000 |
$1,169,860
$288,326 |
$1,810,814 |
| 11 |
$3,432,380 |
$1,230,311
$302,736 |
$1,899,333 |
| 12 |
$3,604,020 |
$1,293,818
$317,875 |
$1,992,327 |
| 13 |
$3,784,200 |
$1,360,484
$333,766 |
$2,089,950 |
| 14 |
$3,973,480 |
$1,430,518
$350,461 |
$2,192,501 |
| 15 |
$4,172,140 |
$1,504,022
$367,983 |
$2,300,135 |
| 16 |
$4,380,740 |
$1,581,204
$386,381 |
$2,413,155 |
| 17 |
$4,599,700 |
$1,662,219
$405,694 |
$2,531,787 |
| 18 |
$4,829,720 |
$1,747,327
$425,981 |
$2,656,412 |
| 19 |
$5,071,220 |
$1,836,682
$447,282 |
$2,787,256 |
| 20 |
$5,324,760 |
$1,930,492
$469,644 |
$2,924,624 |
| 21 |
$5,591,040 |
$2,029,015
$493,130 |
$3,068,895 |
| 22 |
$5,870,620 |
$2,132,460
$517,789 |
$3,220,371 |
| 23 |
$6,164,060 |
$2,241,033
$543,670 |
$3,379,357 |
| 24 |
$6,472,340 |
$2,355,096
$570,860 |
$3,546,384 |
| 25 |
$6,795,880 |
$2,474,806
$599,397 |
$3,721,677 |
| 26 |
$7,135,800 |
$2,600,576
$629,378 |
$3,905,846 |
| 27 |
$7,492,520 |
$2,732,563
$660,840 |
$4,099,117 |
| 28 |
$7,867,160 |
$2,871,180
$693,884 |
$4,302,096 |
| 29 |
$8,260,560 |
$3,016,738
$728,581 |
$4,515,241 |
| 30 |
$8,673,560 |
$3,169,548
$765,008 |
$4,739,004 |
|
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