New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of New Jersey, your state will take 8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Jersey Powerball Jackpot/Cash Option for Mon Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(8%)	$15,840,000
Net Lumpsum Payment	$108,939,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$504,510	$3,508,172
2	$6,621,876	-$2,410,425 -$529,750	$3,681,701
3	$6,952,886	-$2,532,898 -$556,231	$3,863,757
4	$7,300,656	-$2,661,573 -$584,052	$4,055,031
5	$7,665,605	-$2,796,604 -$613,248	$4,255,753
6	$8,048,990	-$2,938,457 -$643,919	$4,466,614
7	$8,451,230	-$3,087,285 -$676,098	$4,687,847
8	$8,874,001	-$3,243,711 -$709,920	$4,920,370
9	$9,317,722	-$3,407,888 -$745,418	$5,164,416
10	$9,783,650	-$3,580,281 -$782,692	$5,420,677
11	$10,272,623	-$3,761,201 -$821,810	$5,689,612
12	$10,786,317	-$3,951,268 -$862,905	$5,972,144
13	$11,325,570	-$4,150,791 -$906,046	$6,268,733
14	$11,892,058	-$4,360,392 -$951,365	$6,580,301
15	$12,486,619	-$4,580,379 -$998,930	$6,907,310
16	$13,110,929	-$4,811,374 -$1,048,874	$7,250,681
17	$13,766,245	-$5,053,841 -$1,101,300	$7,611,104
18	$14,454,662	-$5,308,555 -$1,156,373	$7,989,734
19	$15,177,437	-$5,575,982 -$1,214,195	$8,387,260
20	$15,936,246	-$5,856,741 -$1,274,900	$8,804,605
21	$16,733,184	-$6,151,608 -$1,338,655	$9,242,921
22	$17,569,927	-$6,461,203 -$1,405,594	$9,703,130
23	$18,448,151	-$6,786,146 -$1,475,852	$10,186,153
24	$19,370,789	-$7,127,522 -$1,549,663	$10,693,604
25	$20,339,098	-$7,485,797 -$1,627,128	$11,226,173
26	$21,356,430	-$7,862,209 -$1,708,514	$11,785,707
27	$22,424,042	-$8,257,226 -$1,793,923	$12,372,893
28	$23,545,286	-$8,672,086 -$1,883,623	$12,989,577
29	$24,722,676	-$9,107,721 -$1,977,814	$13,637,141
30	$25,958,726	-$9,565,059 -$2,076,698	$14,316,969