The jackpot for the Powerball draw on Wed Nov 4, 2026, is projected to be $835 Million, with an option for a cash payout of $357.9 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 Wed Nov 4, 2026 |
|---|
| Draw Date | Wed Nov 4, 2026 | | Projected Jackpot | $835,000,000 | | Cash Value | $357,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $357,900,000 | | Federal Tax(24%) | $85,896,000 | | Additional Federal Tax | $46,487,330 | | State Tax(8%) | $28,632,000 | | Net Lumpsum Payment | $196,884,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,567,585 |
$4,610,337
$1,005,407 |
$6,951,841 |
| 2 |
$13,196,340 |
$4,842,976
$1,055,707 |
$7,297,657 |
| 3 |
$13,855,990 |
$5,087,047
$1,108,479 |
$7,660,464 |
| 4 |
$14,549,040 |
$5,343,475
$1,163,923 |
$8,041,642 |
| 5 |
$15,276,325 |
$5,612,571
$1,222,106 |
$8,441,648 |
| 6 |
$16,040,350 |
$5,895,260
$1,283,228 |
$8,861,862 |
| 7 |
$16,841,950 |
$6,191,852
$1,347,356 |
$9,302,742 |
| 8 |
$17,684,465 |
$6,503,582
$1,414,757 |
$9,766,126 |
| 9 |
$18,568,730 |
$6,830,760
$1,485,498 |
$10,252,472 |
| 10 |
$19,497,250 |
$7,174,313
$1,559,780 |
$10,763,157 |
| 11 |
$20,471,695 |
$7,534,858
$1,637,736 |
$11,299,101 |
| 12 |
$21,495,405 |
$7,913,630
$1,719,632 |
$11,862,143 |
| 13 |
$22,570,050 |
$8,311,249
$1,805,604 |
$12,453,197 |
| 14 |
$23,698,970 |
$8,728,949
$1,895,918 |
$13,074,103 |
| 15 |
$24,883,835 |
$9,167,349
$1,990,707 |
$13,725,779 |
| 16 |
$26,127,985 |
$9,627,685
$2,090,239 |
$14,410,061 |
| 17 |
$27,433,925 |
$10,110,883
$2,194,714 |
$15,128,328 |
| 18 |
$28,805,830 |
$10,618,487
$2,304,466 |
$15,882,877 |
| 19 |
$30,246,205 |
$11,151,426
$2,419,696 |
$16,675,083 |
| 20 |
$31,758,390 |
$11,710,935
$2,540,671 |
$17,506,784 |
| 21 |
$33,346,560 |
$12,298,558
$2,667,725 |
$18,380,277 |
| 22 |
$35,014,055 |
$12,915,531
$2,801,124 |
$19,297,400 |
| 23 |
$36,764,215 |
$13,563,090
$2,941,137 |
$20,259,988 |
| 24 |
$38,602,885 |
$14,243,398
$3,088,231 |
$21,271,256 |
| 25 |
$40,532,570 |
$14,957,381
$3,242,606 |
$22,332,583 |
| 26 |
$42,559,950 |
$15,707,512
$3,404,796 |
$23,447,642 |
| 27 |
$44,687,530 |
$16,494,716
$3,575,002 |
$24,617,812 |
| 28 |
$46,921,990 |
$17,321,467
$3,753,759 |
$25,846,764 |
| 29 |
$49,268,340 |
$18,189,616
$3,941,467 |
$27,137,257 |
| 30 |
$51,731,590 |
$19,101,019
$4,138,527 |
$28,492,044 |
|
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