PBPowerballTax

10.90% state lottery tax

New York Powerball Tax Calculator

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New York applies a 10.90% state lottery tax — one of the highest in the United States. Combined with federal taxes, more than 40% of the gross payout is owed before the winner sees a dollar.

Note: 10.90% — highest in U.S. NYC adds 3.876% city tax (not modeled)

New York after-tax take-home by jackpot tier

24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.

AdvertisedCash take-homeCash effectiveAnnuity take-home
$100M$31.3M47.76%$52.2M
$300M$93.9M47.85%$156.4M
$500M$156.4M47.87%$260.6M
$700M$218.9M47.88%$364.8M
$1B$312.7M47.89%$521.1M
$1.5B$469.0M47.89%$781.6M
$2B$625.3M47.89%$1.0B

New York vs neighboring states ($1B cash)

StateRateCash take-home
New York (NY)10.9%$312.7M
New Jersey (NJ)10.75%$313.6M
Connecticut (CT)6.99%$336.1M
Massachusetts (MA)5%$348.1M

Frequently asked questions

Does New York tax Powerball winnings?

New York taxes Powerball winnings at 10.90%. Note: 10.90% — highest in U.S. NYC adds 3.876% city tax (not modeled).

How much does a $1 billion Powerball winner take home in New York?

On a $1 billion advertised jackpot taken as cash (gross $600,000,000), a New York winner keeps approximately $312,683,278 after taxes — an effective rate of about 47.89%.

Can I avoid New York lottery tax by moving states before claiming?

No. State lottery tax is determined by the state where the ticket was sold, not the winner's residence. A ticket bought in New York is taxed at New York's 10.90% rate; the winner's home state may credit or assess additional tax at filing.

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