New Jersey Lottery

NJLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 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 Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(8%)	$61,624,000
Net Lumpsum Payment	$423,704,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$2,046,936	$14,112,355
2	$26,866,800	-$9,901,046 -$2,149,344	$14,816,410
3	$28,209,800	-$10,397,956 -$2,256,784	$15,555,060
4	$29,620,800	-$10,920,026 -$2,369,664	$16,331,110
5	$31,101,500	-$11,467,885 -$2,488,120	$17,145,495
6	$32,657,000	-$12,043,420 -$2,612,560	$18,001,020
7	$34,289,000	-$12,647,260 -$2,743,120	$18,898,620
8	$36,004,300	-$13,281,921 -$2,880,344	$19,842,035
9	$37,804,600	-$13,948,032 -$3,024,368	$20,832,200
10	$39,695,000	-$14,647,480 -$3,175,600	$21,871,920
11	$41,678,900	-$15,381,523 -$3,334,312	$22,963,065
12	$43,763,100	-$16,152,677 -$3,501,048	$24,109,375
13	$45,951,000	-$16,962,200 -$3,676,080	$25,312,720
14	$48,249,400	-$17,812,608 -$3,859,952	$26,576,840
15	$50,661,700	-$18,705,159 -$4,052,936	$27,903,605
16	$53,194,700	-$19,642,369 -$4,255,576	$29,296,755
17	$55,853,500	-$20,626,125 -$4,468,280	$30,759,095
18	$58,646,600	-$21,659,572 -$4,691,728	$32,295,300
19	$61,579,100	-$22,744,597 -$4,926,328	$33,908,175
20	$64,657,800	-$23,883,716 -$5,172,624	$35,601,460
21	$67,891,200	-$25,080,074 -$5,431,296	$37,379,830
22	$71,286,100	-$26,336,187 -$5,702,888	$39,247,025
23	$74,849,300	-$27,654,571 -$5,987,944	$41,206,785
24	$78,592,700	-$29,039,629 -$6,287,416	$43,265,655
25	$82,521,400	-$30,493,248 -$6,601,712	$45,426,440
26	$86,649,000	-$32,020,460 -$6,931,920	$47,696,620
27	$90,980,600	-$33,623,152 -$7,278,448	$50,079,000
28	$95,529,800	-$35,306,356 -$7,642,384	$52,581,060
29	$100,306,800	-$37,073,846 -$8,024,544	$55,208,410
30	$105,321,800	-$38,929,396 -$8,425,744	$57,966,660