The jackpot for the Powerball draw on Mon Nov 3, 2025, is projected to be $419 Million, with an option for a cash payout of $198 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 Mon Nov 3, 2025 |
|---|
| Draw Date | Mon Nov 3, 2025 | | Projected Jackpot | $419,000,000 | | Cash Value | $198,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $198,000,000 | | Federal Tax(24%) | $47,520,000 | | Additional Federal Tax | $25,700,330 | | State Tax(8%) | $15,840,000 | | Net Lumpsum Payment | $108,939,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,306,369 |
$2,293,687
$504,510 |
$3,508,172 |
| 2 |
$6,621,876 |
$2,410,425
$529,750 |
$3,681,701 |
| 3 |
$6,952,886 |
$2,532,898
$556,231 |
$3,863,757 |
| 4 |
$7,300,656 |
$2,661,573
$584,052 |
$4,055,031 |
| 5 |
$7,665,605 |
$2,796,604
$613,248 |
$4,255,753 |
| 6 |
$8,048,990 |
$2,938,457
$643,919 |
$4,466,614 |
| 7 |
$8,451,230 |
$3,087,285
$676,098 |
$4,687,847 |
| 8 |
$8,874,001 |
$3,243,711
$709,920 |
$4,920,370 |
| 9 |
$9,317,722 |
$3,407,888
$745,418 |
$5,164,416 |
| 10 |
$9,783,650 |
$3,580,281
$782,692 |
$5,420,677 |
| 11 |
$10,272,623 |
$3,761,201
$821,810 |
$5,689,612 |
| 12 |
$10,786,317 |
$3,951,268
$862,905 |
$5,972,144 |
| 13 |
$11,325,570 |
$4,150,791
$906,046 |
$6,268,733 |
| 14 |
$11,892,058 |
$4,360,392
$951,365 |
$6,580,301 |
| 15 |
$12,486,619 |
$4,580,379
$998,930 |
$6,907,310 |
| 16 |
$13,110,929 |
$4,811,374
$1,048,874 |
$7,250,681 |
| 17 |
$13,766,245 |
$5,053,841
$1,101,300 |
$7,611,104 |
| 18 |
$14,454,662 |
$5,308,555
$1,156,373 |
$7,989,734 |
| 19 |
$15,177,437 |
$5,575,982
$1,214,195 |
$8,387,260 |
| 20 |
$15,936,246 |
$5,856,741
$1,274,900 |
$8,804,605 |
| 21 |
$16,733,184 |
$6,151,608
$1,338,655 |
$9,242,921 |
| 22 |
$17,569,927 |
$6,461,203
$1,405,594 |
$9,703,130 |
| 23 |
$18,448,151 |
$6,786,146
$1,475,852 |
$10,186,153 |
| 24 |
$19,370,789 |
$7,127,522
$1,549,663 |
$10,693,604 |
| 25 |
$20,339,098 |
$7,485,797
$1,627,128 |
$11,226,173 |
| 26 |
$21,356,430 |
$7,862,209
$1,708,514 |
$11,785,707 |
| 27 |
$22,424,042 |
$8,257,226
$1,793,923 |
$12,372,893 |
| 28 |
$23,545,286 |
$8,672,086
$1,883,623 |
$12,989,577 |
| 29 |
$24,722,676 |
$9,107,721
$1,977,814 |
$13,637,141 |
| 30 |
$25,958,726 |
$9,565,059
$2,076,698 |
$14,316,969 |
|
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