The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(8%) | $3,704,000 | | Net Lumpsum Payment | $25,504,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$119,204 |
$859,196 |
| 2 |
$1,564,596 |
$539,231
$125,168 |
$900,197 |
| 3 |
$1,642,806 |
$568,169
$131,424 |
$943,213 |
| 4 |
$1,724,976 |
$598,572
$137,998 |
$988,406 |
| 5 |
$1,811,205 |
$630,476
$144,896 |
$1,035,833 |
| 6 |
$1,901,790 |
$663,993
$152,143 |
$1,085,654 |
| 7 |
$1,996,830 |
$699,157
$159,746 |
$1,137,927 |
| 8 |
$2,096,721 |
$736,117
$167,738 |
$1,192,866 |
| 9 |
$2,201,562 |
$774,908
$176,125 |
$1,250,529 |
| 10 |
$2,311,650 |
$815,641
$184,932 |
$1,311,077 |
| 11 |
$2,427,183 |
$858,388
$194,175 |
$1,374,620 |
| 12 |
$2,548,557 |
$903,296
$203,885 |
$1,441,376 |
| 13 |
$2,675,970 |
$950,439
$214,078 |
$1,511,453 |
| 14 |
$2,809,818 |
$999,963
$224,785 |
$1,585,070 |
| 15 |
$2,950,299 |
$1,051,941
$236,024 |
$1,662,334 |
| 16 |
$3,097,809 |
$1,106,520
$247,825 |
$1,743,464 |
| 17 |
$3,252,645 |
$1,163,809
$260,212 |
$1,828,624 |
| 18 |
$3,415,302 |
$1,223,992
$273,224 |
$1,918,086 |
| 19 |
$3,586,077 |
$1,287,179
$286,886 |
$2,012,012 |
| 20 |
$3,765,366 |
$1,353,516
$301,229 |
$2,110,621 |
| 21 |
$3,953,664 |
$1,423,186
$316,293 |
$2,214,185 |
| 22 |
$4,151,367 |
$1,496,336
$332,109 |
$2,322,922 |
| 23 |
$4,358,871 |
$1,573,113
$348,710 |
$2,437,048 |
| 24 |
$4,576,869 |
$1,653,772
$366,150 |
$2,556,947 |
| 25 |
$4,805,658 |
$1,738,424
$384,453 |
$2,682,781 |
| 26 |
$5,046,030 |
$1,827,361
$403,682 |
$2,814,987 |
| 27 |
$5,298,282 |
$1,920,695
$423,863 |
$2,953,724 |
| 28 |
$5,563,206 |
$2,018,717
$445,056 |
$3,099,433 |
| 29 |
$5,841,396 |
$2,121,647
$467,312 |
$3,252,437 |
| 30 |
$6,133,446 |
$2,229,705
$490,676 |
$3,413,065 |
|
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