New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 26, 2026 is estimated to be $30 Million, with a cash option of 13.6 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 Mon Jan 26, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 26, 2026	$30,000,000	$13,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,600,000
Federal Tax(24%)	$3,264,000
Additional Federal Tax	$1,728,330
State Tax(8%)	$1,088,000
Net Lumpsum Payment	$7,519,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$451,530	-$127,396 -$36,122	$288,012
2	$474,120	-$135,755 -$37,930	$300,435
3	$497,820	-$144,524 -$39,826	$313,470
4	$522,720	-$153,737 -$41,818	$327,165
5	$548,850	-$163,405 -$43,908	$341,537
6	$576,300	-$173,561 -$46,104	$356,635
7	$605,100	-$184,217 -$48,408	$372,475
8	$635,370	-$195,417 -$50,830	$389,123
9	$667,140	-$207,172 -$53,371	$406,597
10	$700,500	-$219,515 -$56,040	$424,945
11	$735,510	-$232,469 -$58,841	$444,200
12	$772,290	-$246,078 -$61,783	$464,429
13	$810,900	-$260,363 -$64,872	$485,665
14	$851,460	-$275,371 -$68,117	$507,972
15	$894,030	-$291,121 -$71,522	$531,387
16	$938,730	-$307,660 -$75,098	$555,972
17	$985,650	-$325,021 -$78,852	$581,777
18	$1,034,940	-$343,258 -$82,795	$608,887
19	$1,086,690	-$362,406 -$86,935	$637,349
20	$1,141,020	-$382,508 -$91,282	$667,230
21	$1,198,080	-$403,620 -$95,846	$698,614
22	$1,257,990	-$425,787 -$100,639	$731,564
23	$1,320,870	-$449,052 -$105,670	$766,148
24	$1,386,930	-$473,494 -$110,954	$802,482
25	$1,456,260	-$499,147 -$116,501	$840,612
26	$1,529,100	-$526,097 -$122,328	$880,675
27	$1,605,540	-$554,380 -$128,443	$922,717
28	$1,685,820	-$584,084 -$134,866	$966,870
29	$1,770,120	-$615,275 -$141,610	$1,013,235
30	$1,858,620	-$648,020 -$148,690	$1,061,910