The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(8.82%) | $6,544,440 | | Net Lumpsum Payment | $40,241,230 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$215,055 |
$1,360,720 |
| 2 |
$2,560,248 |
$907,622
$225,814 |
$1,426,812 |
| 3 |
$2,688,228 |
$954,975
$237,102 |
$1,496,151 |
| 4 |
$2,822,688 |
$1,004,725
$248,961 |
$1,569,002 |
| 5 |
$2,963,790 |
$1,056,933
$261,406 |
$1,645,451 |
| 6 |
$3,112,020 |
$1,111,778
$274,480 |
$1,725,762 |
| 7 |
$3,267,540 |
$1,169,320
$288,197 |
$1,810,023 |
| 8 |
$3,430,998 |
$1,229,800
$302,614 |
$1,898,584 |
| 9 |
$3,602,556 |
$1,293,276
$317,745 |
$1,991,535 |
| 10 |
$3,782,700 |
$1,359,929
$333,634 |
$2,089,137 |
| 11 |
$3,971,754 |
$1,429,879
$350,309 |
$2,191,566 |
| 12 |
$4,170,366 |
$1,503,366
$367,826 |
$2,299,174 |
| 13 |
$4,378,860 |
$1,580,509
$386,215 |
$2,412,136 |
| 14 |
$4,597,884 |
$1,661,547
$405,533 |
$2,530,804 |
| 15 |
$4,827,762 |
$1,746,602
$425,809 |
$2,655,351 |
| 16 |
$5,069,142 |
$1,835,913
$447,098 |
$2,786,131 |
| 17 |
$5,322,510 |
$1,929,659
$469,445 |
$2,923,406 |
| 18 |
$5,588,676 |
$2,028,141
$492,921 |
$3,067,614 |
| 19 |
$5,868,126 |
$2,131,537
$517,569 |
$3,219,020 |
| 20 |
$6,161,508 |
$2,240,088
$543,445 |
$3,377,975 |
| 21 |
$6,469,632 |
$2,354,094
$570,622 |
$3,544,916 |
| 22 |
$6,793,146 |
$2,473,794
$599,155 |
$3,720,197 |
| 23 |
$7,132,698 |
$2,599,429
$629,104 |
$3,904,165 |
| 24 |
$7,489,422 |
$2,731,417
$660,567 |
$4,097,438 |
| 25 |
$7,863,804 |
$2,869,938
$693,588 |
$4,300,278 |
| 26 |
$8,257,140 |
$3,015,472
$728,280 |
$4,513,388 |
| 27 |
$8,669,916 |
$3,168,199
$764,687 |
$4,737,030 |
| 28 |
$9,103,428 |
$3,328,599
$802,922 |
$4,971,907 |
| 29 |
$9,558,648 |
$3,497,030
$843,073 |
$5,218,545 |
| 30 |
$10,036,548 |
$3,673,853
$885,224 |
$5,477,471 |
|
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