Jackpot Analysis New Jersey Powerball

Jackpot Analysis for New Jersey Powerball
The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Jersey residents, the state will deduct 8% from your lottery earnings.

New Jersey Powerball Jackpot/Cash Option for Sat Jul 12, 2025
Draw DateSat Jul 12, 2025
Projected Jackpot$234,000,000
Cash Value$106,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$106,600,000
Federal Tax(24%)$25,584,000
Additional Federal Tax$13,818,330
State Tax(8%)$8,528,000
Net Lumpsum Payment$58,669,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $3,521,934 $1,263,446
$281,755
$1,976,733
2 $3,698,136 $1,328,641
$295,851
$2,073,644
3 $3,882,996 $1,397,039
$310,640
$2,175,317
4 $4,077,216 $1,468,900
$326,177
$2,282,139
5 $4,281,030 $1,544,311
$342,482
$2,394,237
6 $4,495,140 $1,623,532
$359,611
$2,511,997
7 $4,719,780 $1,706,649
$377,582
$2,635,549
8 $4,955,886 $1,794,008
$396,471
$2,765,407
9 $5,203,692 $1,885,696
$416,295
$2,901,701
10 $5,463,900 $1,981,973
$437,112
$3,044,815
11 $5,736,978 $2,083,012
$458,958
$3,195,008
12 $6,023,862 $2,189,159
$481,909
$3,352,794
13 $6,325,020 $2,300,588
$506,002
$3,518,430
14 $6,641,388 $2,417,644
$531,311
$3,692,433
15 $6,973,434 $2,540,501
$557,875
$3,875,058
16 $7,322,094 $2,669,505
$585,768
$4,066,821
17 $7,688,070 $2,804,916
$615,046
$4,268,108
18 $8,072,532 $2,947,167
$645,803
$4,479,562
19 $8,476,182 $3,096,518
$678,095
$4,701,569
20 $8,899,956 $3,253,314
$711,996
$4,934,646
21 $9,345,024 $3,417,989
$747,602
$5,179,433
22 $9,812,322 $3,590,890
$784,986
$5,436,446
23 $10,302,786 $3,772,361
$824,223
$5,706,202
24 $10,818,054 $3,963,010
$865,444
$5,989,600
25 $11,358,828 $4,163,097
$908,706
$6,287,025
26 $11,926,980 $4,373,313
$954,158
$6,599,509
27 $12,523,212 $4,593,919
$1,001,857
$6,927,436
28 $13,149,396 $4,825,607
$1,051,952
$7,271,837
29 $13,806,936 $5,068,897
$1,104,555
$7,633,484
30 $14,497,236 $5,324,308
$1,159,779
$8,013,149