The jackpot for the Powerball draw on Mon Nov 17, 2025, is projected to be $570 Million, with an option for a cash payout of $266.9 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 17, 2025 |
|---|
| Draw Date | Mon Nov 17, 2025 | | Projected Jackpot | $570,000,000 | | Cash Value | $266,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,900,000 | | Federal Tax(24%) | $64,056,000 | | Additional Federal Tax | $34,657,330 | | State Tax(8%) | $21,352,000 | | Net Lumpsum Payment | $146,834,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,579,070 |
$3,134,586
$686,326 |
$4,758,158 |
| 2 |
$9,008,280 |
$3,293,394
$720,662 |
$4,994,224 |
| 3 |
$9,458,580 |
$3,460,005
$756,686 |
$5,241,889 |
| 4 |
$9,931,680 |
$3,635,052
$794,534 |
$5,502,094 |
| 5 |
$10,428,150 |
$3,818,746
$834,252 |
$5,775,152 |
| 6 |
$10,949,700 |
$4,011,719
$875,976 |
$6,062,005 |
| 7 |
$11,496,900 |
$4,214,183
$919,752 |
$6,362,965 |
| 8 |
$12,072,030 |
$4,426,981
$965,762 |
$6,679,287 |
| 9 |
$12,675,660 |
$4,650,325
$1,014,053 |
$7,011,282 |
| 10 |
$13,309,500 |
$4,884,845
$1,064,760 |
$7,359,895 |
| 11 |
$13,974,690 |
$5,130,966
$1,117,975 |
$7,725,749 |
| 12 |
$14,673,510 |
$5,389,529
$1,173,881 |
$8,110,100 |
| 13 |
$15,407,100 |
$5,660,957
$1,232,568 |
$8,513,575 |
| 14 |
$16,177,740 |
$5,946,094
$1,294,219 |
$8,937,427 |
| 15 |
$16,986,570 |
$6,245,361
$1,358,926 |
$9,382,283 |
| 16 |
$17,835,870 |
$6,559,602
$1,426,870 |
$9,849,398 |
| 17 |
$18,727,350 |
$6,889,450
$1,498,188 |
$10,339,712 |
| 18 |
$19,663,860 |
$7,235,959
$1,573,109 |
$10,854,792 |
| 19 |
$20,647,110 |
$7,599,761
$1,651,769 |
$11,395,580 |
| 20 |
$21,679,380 |
$7,981,701
$1,734,350 |
$11,963,329 |
| 21 |
$22,763,520 |
$8,382,833
$1,821,082 |
$12,559,605 |
| 22 |
$23,901,810 |
$8,804,000
$1,912,145 |
$13,185,665 |
| 23 |
$25,096,530 |
$9,246,046
$2,007,722 |
$13,842,762 |
| 24 |
$26,351,670 |
$9,710,448
$2,108,134 |
$14,533,088 |
| 25 |
$27,668,940 |
$10,197,838
$2,213,515 |
$15,257,587 |
| 26 |
$29,052,900 |
$10,709,903
$2,324,232 |
$16,018,765 |
| 27 |
$30,505,260 |
$11,247,277
$2,440,421 |
$16,817,562 |
| 28 |
$32,030,580 |
$11,811,645
$2,562,446 |
$17,656,489 |
| 29 |
$33,632,280 |
$12,404,274
$2,690,582 |
$18,537,424 |
| 30 |
$35,313,780 |
$13,026,429
$2,825,102 |
$19,462,249 |
|
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