The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(8%) | $54,920,000 | | Net Lumpsum Payment | $377,614,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$1,806,120 |
$12,456,745 |
| 2 |
$23,706,000 |
$8,731,550
$1,896,480 |
$13,077,970 |
| 3 |
$24,891,000 |
$9,170,000
$1,991,280 |
$13,729,720 |
| 4 |
$26,136,000 |
$9,630,650
$2,090,880 |
$14,414,470 |
| 5 |
$27,442,500 |
$10,114,055
$2,195,400 |
$15,133,045 |
| 6 |
$28,815,000 |
$10,621,880
$2,305,200 |
$15,887,920 |
| 7 |
$30,255,000 |
$11,154,680
$2,420,400 |
$16,679,920 |
| 8 |
$31,768,500 |
$11,714,675
$2,541,480 |
$17,512,345 |
| 9 |
$33,357,000 |
$12,302,420
$2,668,560 |
$18,386,020 |
| 10 |
$35,025,000 |
$12,919,580
$2,802,000 |
$19,303,420 |
| 11 |
$36,775,500 |
$13,567,265
$2,942,040 |
$20,266,195 |
| 12 |
$38,614,500 |
$14,247,695
$3,089,160 |
$21,277,645 |
| 13 |
$40,545,000 |
$14,961,980
$3,243,600 |
$22,339,420 |
| 14 |
$42,573,000 |
$15,712,340
$3,405,840 |
$23,454,820 |
| 15 |
$44,701,500 |
$16,499,885
$3,576,120 |
$24,625,495 |
| 16 |
$46,936,500 |
$17,326,835
$3,754,920 |
$25,854,745 |
| 17 |
$49,282,500 |
$18,194,855
$3,942,600 |
$27,145,045 |
| 18 |
$51,747,000 |
$19,106,720
$4,139,760 |
$28,500,520 |
| 19 |
$54,334,500 |
$20,064,095
$4,346,760 |
$29,923,645 |
| 20 |
$57,051,000 |
$21,069,200
$4,564,080 |
$31,417,720 |
| 21 |
$59,904,000 |
$22,124,810
$4,792,320 |
$32,986,870 |
| 22 |
$62,899,500 |
$23,233,145
$5,031,960 |
$34,634,395 |
| 23 |
$66,043,500 |
$24,396,425
$5,283,480 |
$36,363,595 |
| 24 |
$69,346,500 |
$25,618,535
$5,547,720 |
$38,180,245 |
| 25 |
$72,813,000 |
$26,901,140
$5,825,040 |
$40,086,820 |
| 26 |
$76,455,000 |
$28,248,680
$6,116,400 |
$42,089,920 |
| 27 |
$80,277,000 |
$29,662,820
$6,422,160 |
$44,192,020 |
| 28 |
$84,291,000 |
$31,148,000
$6,743,280 |
$46,399,720 |
| 29 |
$88,506,000 |
$32,707,550
$7,080,480 |
$48,717,970 |
| 30 |
$92,931,000 |
$34,344,800
$7,434,480 |
$51,151,720 |
|
|
