The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(8.82%) | $19,465,740 | | Net Lumpsum Payment | $119,614,930 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$619,942 |
$3,847,882 |
| 2 |
$7,380,468 |
$2,691,104
$650,957 |
$4,038,407 |
| 3 |
$7,749,398 |
$2,827,608
$683,497 |
$4,238,293 |
| 4 |
$8,137,008 |
$2,971,023
$717,684 |
$4,448,301 |
| 5 |
$8,543,765 |
$3,121,523
$753,560 |
$4,668,682 |
| 6 |
$8,971,070 |
$3,279,626
$791,248 |
$4,900,196 |
| 7 |
$9,419,390 |
$3,445,505
$830,790 |
$5,143,095 |
| 8 |
$9,890,593 |
$3,619,850
$872,350 |
$5,398,393 |
| 9 |
$10,385,146 |
$3,802,834
$915,970 |
$5,666,342 |
| 10 |
$10,904,450 |
$3,994,977
$961,772 |
$5,947,701 |
| 11 |
$11,449,439 |
$4,196,623
$1,009,841 |
$6,242,975 |
| 12 |
$12,021,981 |
$4,408,463
$1,060,339 |
$6,553,179 |
| 13 |
$12,623,010 |
$4,630,844
$1,113,349 |
$6,878,817 |
| 14 |
$13,254,394 |
$4,864,456
$1,169,038 |
$7,220,900 |
| 15 |
$13,917,067 |
$5,109,645
$1,227,485 |
$7,579,937 |
| 16 |
$14,612,897 |
$5,367,102
$1,288,858 |
$7,956,937 |
| 17 |
$15,343,285 |
$5,637,346
$1,353,278 |
$8,352,661 |
| 18 |
$16,110,566 |
$5,921,240
$1,420,952 |
$8,768,374 |
| 19 |
$16,916,141 |
$6,219,303
$1,492,004 |
$9,204,834 |
| 20 |
$17,761,878 |
$6,532,225
$1,566,598 |
$9,663,055 |
| 21 |
$18,650,112 |
$6,860,872
$1,644,940 |
$10,144,300 |
| 22 |
$19,582,711 |
$7,205,933
$1,727,195 |
$10,649,583 |
| 23 |
$20,561,543 |
$7,568,101
$1,813,528 |
$11,179,914 |
| 24 |
$21,589,877 |
$7,948,585
$1,904,227 |
$11,737,065 |
| 25 |
$22,669,114 |
$8,347,903
$1,999,416 |
$12,321,795 |
| 26 |
$23,802,990 |
$8,767,437
$2,099,424 |
$12,936,129 |
| 27 |
$24,992,906 |
$9,207,706
$2,204,374 |
$13,580,826 |
| 28 |
$26,242,598 |
$9,670,092
$2,314,597 |
$14,257,909 |
| 29 |
$27,554,868 |
$10,155,632
$2,430,339 |
$14,968,897 |
| 30 |
$28,932,518 |
$10,665,362
$2,551,848 |
$15,715,308 |
|
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