The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(8.82%) | $4,083,660 | | Net Lumpsum Payment | $25,125,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$131,422 |
$846,978 |
| 2 |
$1,564,596 |
$539,231
$137,997 |
$887,368 |
| 3 |
$1,642,806 |
$568,169
$144,895 |
$929,742 |
| 4 |
$1,724,976 |
$598,572
$152,143 |
$974,261 |
| 5 |
$1,811,205 |
$630,476
$159,748 |
$1,020,981 |
| 6 |
$1,901,790 |
$663,993
$167,738 |
$1,070,059 |
| 7 |
$1,996,830 |
$699,157
$176,120 |
$1,121,553 |
| 8 |
$2,096,721 |
$736,117
$184,931 |
$1,175,673 |
| 9 |
$2,201,562 |
$774,908
$194,178 |
$1,232,476 |
| 10 |
$2,311,650 |
$815,641
$203,888 |
$1,292,121 |
| 11 |
$2,427,183 |
$858,388
$214,078 |
$1,354,717 |
| 12 |
$2,548,557 |
$903,296
$224,783 |
$1,420,478 |
| 13 |
$2,675,970 |
$950,439
$236,021 |
$1,489,510 |
| 14 |
$2,809,818 |
$999,963
$247,826 |
$1,562,029 |
| 15 |
$2,950,299 |
$1,051,941
$260,216 |
$1,638,142 |
| 16 |
$3,097,809 |
$1,106,520
$273,227 |
$1,718,062 |
| 17 |
$3,252,645 |
$1,163,809
$286,883 |
$1,801,953 |
| 18 |
$3,415,302 |
$1,223,992
$301,230 |
$1,890,080 |
| 19 |
$3,586,077 |
$1,287,179
$316,292 |
$1,982,606 |
| 20 |
$3,765,366 |
$1,353,516
$332,105 |
$2,079,745 |
| 21 |
$3,953,664 |
$1,423,186
$348,713 |
$2,181,765 |
| 22 |
$4,151,367 |
$1,496,336
$366,151 |
$2,288,880 |
| 23 |
$4,358,871 |
$1,573,113
$384,452 |
$2,401,306 |
| 24 |
$4,576,869 |
$1,653,772
$403,680 |
$2,519,417 |
| 25 |
$4,805,658 |
$1,738,424
$423,859 |
$2,643,375 |
| 26 |
$5,046,030 |
$1,827,361
$445,060 |
$2,773,609 |
| 27 |
$5,298,282 |
$1,920,695
$467,308 |
$2,910,279 |
| 28 |
$5,563,206 |
$2,018,717
$490,675 |
$3,053,814 |
| 29 |
$5,841,396 |
$2,121,647
$515,211 |
$3,204,538 |
| 30 |
$6,133,446 |
$2,229,705
$540,970 |
$3,362,771 |
|
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