New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(8%)	$1,696,000
Net Lumpsum Payment	$11,699,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$55,388	$420,460
2	$726,984	-$229,314 -$58,159	$439,511
3	$763,324	-$242,760 -$61,066	$459,498
4	$801,504	-$256,887 -$64,120	$480,497
5	$841,570	-$271,711 -$67,326	$502,533
6	$883,660	-$287,285 -$70,693	$525,682
7	$927,820	-$303,624 -$74,226	$549,970
8	$974,234	-$320,797 -$77,939	$575,498
9	$1,022,948	-$338,821 -$81,836	$602,291
10	$1,074,100	-$357,747 -$85,928	$630,425
11	$1,127,782	-$377,610 -$90,223	$659,949
12	$1,184,178	-$398,476 -$94,734	$690,968
13	$1,243,380	-$420,381 -$99,470	$723,529
14	$1,305,572	-$443,392 -$104,446	$757,734
15	$1,370,846	-$467,543 -$109,668	$793,635
16	$1,439,386	-$492,903 -$115,151	$831,332
17	$1,511,330	-$519,522 -$120,906	$870,902
18	$1,586,908	-$547,486 -$126,953	$912,469
19	$1,666,258	-$576,846 -$133,301	$956,111
20	$1,749,564	-$607,669 -$139,965	$1,001,930
21	$1,837,056	-$640,041 -$146,964	$1,050,051
22	$1,928,918	-$674,030 -$154,313	$1,100,575
23	$2,025,334	-$709,704 -$162,027	$1,153,603
24	$2,126,626	-$747,182 -$170,130	$1,209,314
25	$2,232,932	-$786,515 -$178,635	$1,267,782
26	$2,344,620	-$827,840 -$187,570	$1,329,210
27	$2,461,828	-$871,207 -$196,946	$1,393,675
28	$2,584,924	-$916,752 -$206,794	$1,461,378
29	$2,714,184	-$964,578 -$217,135	$1,532,471
30	$2,849,884	-$1,014,787 -$227,991	$1,607,106