The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(8.82%) | $7,682,220 | | Net Lumpsum Payment | $47,230,450 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$257,535 |
$1,621,668 |
| 2 |
$3,065,976 |
$1,094,742
$270,419 |
$1,700,815 |
| 3 |
$3,219,236 |
$1,151,448
$283,937 |
$1,783,851 |
| 4 |
$3,380,256 |
$1,211,025
$298,139 |
$1,871,092 |
| 5 |
$3,549,230 |
$1,273,545
$313,042 |
$1,962,643 |
| 6 |
$3,726,740 |
$1,339,224
$328,698 |
$2,058,818 |
| 7 |
$3,912,980 |
$1,408,133
$345,125 |
$2,159,722 |
| 8 |
$4,108,726 |
$1,480,559
$362,390 |
$2,265,777 |
| 9 |
$4,314,172 |
$1,556,574
$380,510 |
$2,377,088 |
| 10 |
$4,529,900 |
$1,636,393
$399,537 |
$2,493,970 |
| 11 |
$4,756,298 |
$1,720,161
$419,505 |
$2,616,632 |
| 12 |
$4,994,142 |
$1,808,163
$440,483 |
$2,745,496 |
| 13 |
$5,243,820 |
$1,900,544
$462,505 |
$2,880,771 |
| 14 |
$5,506,108 |
$1,997,590
$485,639 |
$3,022,879 |
| 15 |
$5,781,394 |
$2,099,446
$509,919 |
$3,172,029 |
| 16 |
$6,070,454 |
$2,206,398
$535,414 |
$3,328,642 |
| 17 |
$6,373,870 |
$2,318,662
$562,175 |
$3,493,033 |
| 18 |
$6,692,612 |
$2,436,597
$590,288 |
$3,665,727 |
| 19 |
$7,027,262 |
$2,560,417
$619,805 |
$3,847,040 |
| 20 |
$7,378,596 |
$2,690,411
$650,792 |
$4,037,393 |
| 21 |
$7,747,584 |
$2,826,936
$683,337 |
$4,237,311 |
| 22 |
$8,135,002 |
$2,970,281
$717,507 |
$4,447,214 |
| 23 |
$8,541,626 |
$3,120,732
$753,371 |
$4,667,523 |
| 24 |
$8,968,814 |
$3,278,792
$791,049 |
$4,898,973 |
| 25 |
$9,417,148 |
$3,444,675
$830,592 |
$5,141,881 |
| 26 |
$9,888,180 |
$3,618,957
$872,137 |
$5,397,086 |
| 27 |
$10,382,492 |
$3,801,852
$915,736 |
$5,664,904 |
| 28 |
$10,901,636 |
$3,993,936
$961,524 |
$5,946,176 |
| 29 |
$11,446,776 |
$4,195,638
$1,009,606 |
$6,241,532 |
| 30 |
$12,019,076 |
$4,407,389
$1,060,083 |
$6,551,604 |
|
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