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
3
5
8
Cash Option: $170.7 Million
Next Draw: Mon Oct 27
Powerball
Sat Oct 25, 2025
021222396715

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