Powerball Payout Calculator New York
New York taxes lottery winnings at 10.9% on top of federal tax. New York withholds at its top rate of 10.9% — the highest state lottery tax in the country. New York City residents pay an extra ~3.876% local tax (Yonkers also adds a local surcharge). (as of Jan 2026)
Calculate your exact New York payout →Example: what a jackpot is worth in New York
After-tax estimates using 10.9% state tax, the 2026 federal brackets (24% withheld up front, 37% top rate), and a lump sum cash value of 47% of the advertised jackpot.
| Advertised jackpot | Lump sum net | Annuity net (30-yr total) | First annuity payment (net) |
|---|---|---|---|
| $100M | $24,531,043 | $53,421,282 | $828,223 |
| $500M | $122,479,043 | $261,821,282 | $3,964,942 |
| $1B | $244,914,043 | $522,321,282 | $7,885,840 |
New York City residents: add 3.876% local income tax on top of the state's 10.9% — a combined 14.776%, the highest lottery tax in the country. The calculator has an NYC toggle.
How New York compares
Eleven jurisdictions take no state tax on lottery wins (including Texas, Florida, and California). Among states that do tax, rates run from 2.5% (North Dakota, Arizona) to 10.9% (New York). See the full 51-state comparison table or read lump sum vs annuity: which to take.
New York lottery tax FAQ
How much tax does New York take from lottery winnings?
New York withholds at its top rate of 10.9% — the highest state lottery tax in the country. New York City residents pay an extra ~3.876% local tax (Yonkers also adds a local surcharge).
What would I actually take home from a $500 million jackpot in New York?
Taking the lump sum (cash value about 47% of the jackpot), you would clear roughly $122,479,043 after federal and state taxes. Taking the 30-year annuity, the after-tax total is roughly $261,821,282, paid in 30 growing installments.
Is the federal tax the same in New York as everywhere else?
Yes. Federal treatment is identical nationwide: 24% is withheld on prizes over $5,000, and jackpot-size winnings reach the 37% top bracket (income above $640,600 for a single filer in 2026), so the remainder is due when you file.
Do I pay New York tax if I bought the ticket somewhere else?
State withholding follows the state of purchase. If you live in New York but bought the winning ticket in another state, that state withholds first — New York then taxes you as a resident with a credit for tax paid there (rules vary; confirm with a tax professional).