New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(8%)	$6,048,000
Net Lumpsum Payment	$41,619,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$207,102	$1,463,494
2	$2,718,288	-$966,097 -$217,463	$1,534,728
3	$2,854,168	-$1,016,373 -$228,333	$1,609,462
4	$2,996,928	-$1,069,194 -$239,754	$1,687,980
5	$3,146,740	-$1,124,624 -$251,739	$1,770,377
6	$3,304,120	-$1,182,855 -$264,330	$1,856,935
7	$3,469,240	-$1,243,949 -$277,539	$1,947,752
8	$3,642,788	-$1,308,162 -$291,423	$2,043,203
9	$3,824,936	-$1,375,557 -$305,995	$2,143,384
10	$4,016,200	-$1,446,324 -$321,296	$2,248,580
11	$4,216,924	-$1,520,592 -$337,354	$2,358,978
12	$4,427,796	-$1,598,615 -$354,224	$2,474,957
13	$4,649,160	-$1,680,520 -$371,933	$2,596,707
14	$4,881,704	-$1,766,561 -$390,536	$2,724,607
15	$5,125,772	-$1,856,866 -$410,062	$2,858,844
16	$5,382,052	-$1,951,690 -$430,564	$2,999,798
17	$5,651,060	-$2,051,223 -$452,085	$3,147,752
18	$5,933,656	-$2,155,783 -$474,692	$3,303,181
19	$6,230,356	-$2,265,562 -$498,428	$3,466,366
20	$6,541,848	-$2,380,814 -$523,348	$3,637,686
21	$6,868,992	-$2,501,857 -$549,519	$3,817,616
22	$7,212,476	-$2,628,947 -$576,998	$4,006,531
23	$7,572,988	-$2,762,336 -$605,839	$4,204,813
24	$7,951,732	-$2,902,471 -$636,139	$4,413,122
25	$8,349,224	-$3,049,543 -$667,938	$4,631,743
26	$8,766,840	-$3,204,061 -$701,347	$4,861,432
27	$9,205,096	-$3,366,216 -$736,408	$5,102,472
28	$9,665,368	-$3,536,517 -$773,229	$5,355,622
29	$10,148,688	-$3,715,345 -$811,895	$5,621,448
30	$10,656,088	-$3,903,083 -$852,487	$5,900,518