New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(8%)	$16,976,000
Net Lumpsum Payment	$116,749,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$575,550	$3,996,578
2	$7,554,312	-$2,755,426 -$604,345	$4,194,541
3	$7,931,932	-$2,895,145 -$634,555	$4,402,232
4	$8,328,672	-$3,041,939 -$666,294	$4,620,439
5	$8,745,010	-$3,195,984 -$699,601	$4,849,425
6	$9,182,380	-$3,357,811 -$734,590	$5,089,979
7	$9,641,260	-$3,527,597 -$771,301	$5,342,362
8	$10,123,562	-$3,706,048 -$809,885	$5,607,629
9	$10,629,764	-$3,893,343 -$850,381	$5,886,040
10	$11,161,300	-$4,090,011 -$892,904	$6,178,385
11	$11,719,126	-$4,296,407 -$937,530	$6,485,189
12	$12,305,154	-$4,513,237 -$984,412	$6,807,505
13	$12,920,340	-$4,740,856 -$1,033,627	$7,145,857
14	$13,566,596	-$4,979,971 -$1,085,328	$7,501,297
15	$14,244,878	-$5,230,935 -$1,139,590	$7,874,353
16	$14,957,098	-$5,494,457 -$1,196,568	$8,266,073
17	$15,704,690	-$5,771,066 -$1,256,375	$8,677,249
18	$16,490,044	-$6,061,647 -$1,319,204	$9,109,193
19	$17,314,594	-$6,366,730 -$1,385,168	$9,562,696
20	$18,180,252	-$6,687,024 -$1,454,420	$10,038,808
21	$19,089,408	-$7,023,411 -$1,527,153	$10,538,844
22	$20,043,974	-$7,376,601 -$1,603,518	$11,063,855
23	$21,045,862	-$7,747,299 -$1,683,669	$11,614,894
24	$22,098,418	-$8,136,745 -$1,767,873	$12,193,800
25	$23,203,076	-$8,545,469 -$1,856,246	$12,801,361
26	$24,363,660	-$8,974,885 -$1,949,093	$13,439,682
27	$25,581,604	-$9,425,524 -$2,046,528	$14,109,552
28	$26,860,732	-$9,898,801 -$2,148,859	$14,813,072
29	$28,203,912	-$10,395,778 -$2,256,313	$15,551,821
30	$29,614,012	-$10,917,515 -$2,369,121	$16,327,376