The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(8.82%) | $37,828,980 | | Net Lumpsum Payment | $232,417,690 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$1,261,123 |
$7,786,570 |
| 2 |
$15,013,800 |
$5,515,436
$1,324,217 |
$8,174,147 |
| 3 |
$15,764,300 |
$5,793,121
$1,390,411 |
$8,580,768 |
| 4 |
$16,552,800 |
$6,084,866
$1,459,957 |
$9,007,977 |
| 5 |
$17,380,250 |
$6,391,023
$1,532,938 |
$9,456,289 |
| 6 |
$18,249,500 |
$6,712,645
$1,609,606 |
$9,927,249 |
| 7 |
$19,161,500 |
$7,050,085
$1,690,044 |
$10,421,371 |
| 8 |
$20,120,050 |
$7,404,749
$1,774,588 |
$10,940,713 |
| 9 |
$21,126,100 |
$7,776,987
$1,863,322 |
$11,485,791 |
| 10 |
$22,182,500 |
$8,167,855
$1,956,497 |
$12,058,148 |
| 11 |
$23,291,150 |
$8,578,056
$2,054,279 |
$12,658,815 |
| 12 |
$24,455,850 |
$9,008,995
$2,157,006 |
$13,289,849 |
| 13 |
$25,678,500 |
$9,461,375
$2,264,844 |
$13,952,281 |
| 14 |
$26,962,900 |
$9,936,603
$2,378,128 |
$14,648,169 |
| 15 |
$28,310,950 |
$10,435,382
$2,497,026 |
$15,378,542 |
| 16 |
$29,726,450 |
$10,959,117
$2,621,873 |
$16,145,460 |
| 17 |
$31,212,250 |
$11,508,863
$2,752,920 |
$16,950,467 |
| 18 |
$32,773,100 |
$12,086,377
$2,890,587 |
$17,796,136 |
| 19 |
$34,411,850 |
$12,692,715
$3,035,125 |
$18,684,010 |
| 20 |
$36,132,300 |
$13,329,281
$3,186,869 |
$19,616,150 |
| 21 |
$37,939,200 |
$13,997,834
$3,346,237 |
$20,595,129 |
| 22 |
$39,836,350 |
$14,699,780
$3,513,566 |
$21,623,004 |
| 23 |
$41,827,550 |
$15,436,524
$3,689,190 |
$22,701,836 |
| 24 |
$43,919,450 |
$16,210,527
$3,873,695 |
$23,835,228 |
| 25 |
$46,114,900 |
$17,022,843
$4,067,334 |
$25,024,723 |
| 26 |
$48,421,500 |
$17,876,285
$4,270,776 |
$26,274,439 |
| 27 |
$50,842,100 |
$18,771,907
$4,484,273 |
$27,585,920 |
| 28 |
$53,384,300 |
$19,712,521
$4,708,495 |
$28,963,284 |
| 29 |
$56,053,800 |
$20,700,236
$4,943,945 |
$30,409,619 |
| 30 |
$58,856,300 |
$21,737,161
$5,191,126 |
$31,928,013 |
|
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