New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(8%)	$2,056,000
Net Lumpsum Payment	$14,174,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$68,633	$511,518
2	$900,828	-$293,637 -$72,066	$535,125
3	$945,858	-$310,298 -$75,669	$559,891
4	$993,168	-$327,803 -$79,453	$585,912
5	$1,042,815	-$346,172 -$83,425	$613,218
6	$1,094,970	-$365,469 -$87,598	$641,903
7	$1,149,690	-$385,716 -$91,975	$671,999
8	$1,207,203	-$406,995 -$96,576	$703,632
9	$1,267,566	-$429,330 -$101,405	$736,831
10	$1,330,950	-$452,782 -$106,476	$771,692
11	$1,397,469	-$477,394 -$111,798	$808,277
12	$1,467,351	-$503,250 -$117,388	$846,713
13	$1,540,710	-$530,393 -$123,257	$887,060
14	$1,617,774	-$558,907 -$129,422	$929,445
15	$1,698,657	-$588,833 -$135,893	$973,931
16	$1,783,587	-$620,258 -$142,687	$1,020,642
17	$1,872,735	-$653,242 -$149,819	$1,069,674
18	$1,966,386	-$687,893 -$157,311	$1,121,182
19	$2,064,711	-$724,273 -$165,177	$1,175,261
20	$2,167,938	-$762,467 -$173,435	$1,232,036
21	$2,276,352	-$802,581 -$182,108	$1,291,663
22	$2,390,181	-$844,697 -$191,214	$1,354,270
23	$2,509,653	-$888,902 -$200,772	$1,419,979
24	$2,635,167	-$935,342 -$210,813	$1,489,012
25	$2,766,894	-$984,081 -$221,352	$1,561,461
26	$2,905,290	-$1,035,288 -$232,423	$1,637,579
27	$3,050,526	-$1,089,025 -$244,042	$1,717,459
28	$3,203,058	-$1,145,462 -$256,245	$1,801,351
29	$3,363,228	-$1,204,725 -$269,058	$1,889,445
30	$3,531,378	-$1,266,940 -$282,510	$1,981,928