New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 27, 2025 is estimated to be $358 Million, with a cash option of 170.7 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 Oct 27, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 27, 2025	$358,000,000	$170,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$170,700,000
Federal Tax(24%)	$40,968,000
Additional Federal Tax	$22,151,330
State Tax(8%)	$13,656,000
Net Lumpsum Payment	$93,924,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,388,258	-$1,953,986 -$431,061	$3,003,211
2	$5,657,832	-$2,053,728 -$452,627	$3,151,477
3	$5,940,652	-$2,158,372 -$475,252	$3,307,028
4	$6,237,792	-$2,268,313 -$499,023	$3,470,456
5	$6,549,610	-$2,383,686 -$523,969	$3,641,955
6	$6,877,180	-$2,504,887 -$550,174	$3,822,119
7	$7,220,860	-$2,632,049 -$577,669	$4,011,142
8	$7,582,082	-$2,765,701 -$606,567	$4,209,814
9	$7,961,204	-$2,905,976 -$636,896	$4,418,332
10	$8,359,300	-$3,053,271 -$668,744	$4,637,285
11	$8,777,086	-$3,207,852 -$702,167	$4,867,067
12	$9,215,994	-$3,370,248 -$737,280	$5,108,466
13	$9,676,740	-$3,540,724 -$774,139	$5,361,877
14	$10,160,756	-$3,719,810 -$812,860	$5,628,086
15	$10,668,758	-$3,907,771 -$853,501	$5,907,486
16	$11,202,178	-$4,105,136 -$896,174	$6,200,868
17	$11,762,090	-$4,312,304 -$940,967	$6,508,819
18	$12,350,284	-$4,529,935 -$988,023	$6,832,326
19	$12,967,834	-$4,758,429 -$1,037,427	$7,171,978
20	$13,616,172	-$4,998,314 -$1,089,294	$7,528,564
21	$14,297,088	-$5,250,253 -$1,143,767	$7,903,068
22	$15,012,014	-$5,514,776 -$1,200,961	$8,296,277
23	$15,762,382	-$5,792,412 -$1,260,991	$8,708,979
24	$16,550,698	-$6,084,089 -$1,324,056	$9,142,553
25	$17,378,036	-$6,390,204 -$1,390,243	$9,597,589
26	$18,247,260	-$6,711,817 -$1,459,781	$10,075,662
27	$19,159,444	-$7,049,325 -$1,532,756	$10,577,363
28	$20,117,452	-$7,403,788 -$1,609,396	$11,104,268
29	$21,123,432	-$7,776,000 -$1,689,875	$11,657,557
30	$22,179,532	-$8,166,757 -$1,774,363	$12,238,412