The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(8.82%) | $15,814,260 | | Net Lumpsum Payment | $97,184,410 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$499,139 |
$3,105,811 |
| 2 |
$5,942,304 |
$2,158,983
$524,111 |
$3,259,210 |
| 3 |
$6,239,344 |
$2,268,888
$550,310 |
$3,420,146 |
| 4 |
$6,551,424 |
$2,384,357
$577,836 |
$3,589,231 |
| 5 |
$6,878,920 |
$2,505,531
$606,721 |
$3,766,668 |
| 6 |
$7,222,960 |
$2,632,826
$637,065 |
$3,953,069 |
| 7 |
$7,583,920 |
$2,766,381
$668,902 |
$4,148,637 |
| 8 |
$7,963,304 |
$2,906,753
$702,363 |
$4,354,188 |
| 9 |
$8,361,488 |
$3,054,081
$737,483 |
$4,569,924 |
| 10 |
$8,779,600 |
$3,208,782
$774,361 |
$4,796,457 |
| 11 |
$9,218,392 |
$3,371,135
$813,062 |
$5,034,195 |
| 12 |
$9,679,368 |
$3,541,697
$853,720 |
$5,283,951 |
| 13 |
$10,163,280 |
$3,720,744
$896,401 |
$5,546,135 |
| 14 |
$10,671,632 |
$3,908,834
$941,238 |
$5,821,560 |
| 15 |
$11,205,176 |
$4,106,246
$988,297 |
$6,110,633 |
| 16 |
$11,765,416 |
$4,313,534
$1,037,710 |
$6,414,172 |
| 17 |
$12,353,480 |
$4,531,118
$1,089,577 |
$6,732,785 |
| 18 |
$12,971,248 |
$4,759,692
$1,144,064 |
$7,067,492 |
| 19 |
$13,619,848 |
$4,999,674
$1,201,271 |
$7,418,903 |
| 20 |
$14,300,784 |
$5,251,620
$1,261,329 |
$7,787,835 |
| 21 |
$15,015,936 |
$5,516,227
$1,324,406 |
$8,175,303 |
| 22 |
$15,766,808 |
$5,794,049
$1,390,632 |
$8,582,127 |
| 23 |
$16,554,904 |
$6,085,645
$1,460,143 |
$9,009,116 |
| 24 |
$17,382,856 |
$6,391,987
$1,533,168 |
$9,457,701 |
| 25 |
$18,251,792 |
$6,713,493
$1,609,808 |
$9,928,491 |
| 26 |
$19,164,720 |
$7,051,277
$1,690,328 |
$10,423,115 |
| 27 |
$20,122,768 |
$7,405,755
$1,774,828 |
$10,942,185 |
| 28 |
$21,128,944 |
$7,778,040
$1,863,573 |
$11,487,331 |
| 29 |
$22,185,504 |
$8,168,967
$1,956,761 |
$12,059,776 |
| 30 |
$23,294,704 |
$8,579,371
$2,054,593 |
$12,660,740 |
|
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