New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(8%)	$5,776,000
Net Lumpsum Payment	$39,749,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$185,428	$1,314,490
2	$2,433,816	-$860,842 -$194,705	$1,378,269
3	$2,555,476	-$905,857 -$204,438	$1,445,181
4	$2,683,296	-$953,150 -$214,664	$1,515,482
5	$2,817,430	-$1,002,779 -$225,394	$1,589,257
6	$2,958,340	-$1,054,916 -$236,667	$1,666,757
7	$3,106,180	-$1,109,617 -$248,494	$1,748,069
8	$3,261,566	-$1,167,110 -$260,925	$1,833,531
9	$3,424,652	-$1,227,452 -$273,972	$1,923,228
10	$3,595,900	-$1,290,813 -$287,672	$2,017,415
11	$3,775,618	-$1,357,309 -$302,049	$2,116,260
12	$3,964,422	-$1,427,167 -$317,154	$2,220,101
13	$4,162,620	-$1,500,500 -$333,010	$2,329,110
14	$4,370,828	-$1,577,537 -$349,666	$2,443,625
15	$4,589,354	-$1,658,391 -$367,148	$2,563,815
16	$4,818,814	-$1,743,292 -$385,505	$2,690,017
17	$5,059,670	-$1,832,408 -$404,774	$2,822,488
18	$5,312,692	-$1,926,026 -$425,015	$2,961,651
19	$5,578,342	-$2,024,317 -$446,267	$3,107,758
20	$5,857,236	-$2,127,508 -$468,579	$3,261,149
21	$6,150,144	-$2,235,884 -$492,012	$3,422,248
22	$6,457,682	-$2,349,673 -$516,615	$3,591,394
23	$6,780,466	-$2,469,103 -$542,437	$3,768,926
24	$7,119,574	-$2,594,573 -$569,566	$3,955,435
25	$7,475,468	-$2,726,254 -$598,037	$4,151,177
26	$7,849,380	-$2,864,601 -$627,950	$4,356,829
27	$8,241,772	-$3,009,786 -$659,342	$4,572,644
28	$8,653,876	-$3,162,265 -$692,310	$4,799,301
29	$9,086,616	-$3,322,378 -$726,929	$5,037,309
30	$9,540,916	-$3,490,469 -$763,273	$5,287,174