The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(8%) | $19,128,000 | | Net Lumpsum Payment | $131,544,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$616,489 |
$4,278,031 |
| 2 |
$8,091,648 |
$2,954,240
$647,332 |
$4,490,076 |
| 3 |
$8,496,128 |
$3,103,898
$679,690 |
$4,712,540 |
| 4 |
$8,921,088 |
$3,261,133
$713,687 |
$4,946,268 |
| 5 |
$9,367,040 |
$3,426,135
$749,363 |
$5,191,542 |
| 6 |
$9,835,520 |
$3,599,473
$786,842 |
$5,449,205 |
| 7 |
$10,327,040 |
$3,781,335
$826,163 |
$5,719,542 |
| 8 |
$10,843,648 |
$3,972,480
$867,492 |
$6,003,676 |
| 9 |
$11,385,856 |
$4,173,097
$910,868 |
$6,301,891 |
| 10 |
$11,955,200 |
$4,383,754
$956,416 |
$6,615,030 |
| 11 |
$12,552,704 |
$4,604,831
$1,004,216 |
$6,943,657 |
| 12 |
$13,180,416 |
$4,837,084
$1,054,433 |
$7,288,899 |
| 13 |
$13,839,360 |
$5,080,894
$1,107,149 |
$7,651,317 |
| 14 |
$14,531,584 |
$5,337,016
$1,162,527 |
$8,032,041 |
| 15 |
$15,258,112 |
$5,605,832
$1,220,649 |
$8,431,631 |
| 16 |
$16,020,992 |
$5,888,097
$1,281,679 |
$8,851,216 |
| 17 |
$16,821,760 |
$6,184,382
$1,345,741 |
$9,291,637 |
| 18 |
$17,662,976 |
$6,495,632
$1,413,038 |
$9,754,306 |
| 19 |
$18,546,176 |
$6,822,416
$1,483,694 |
$10,240,066 |
| 20 |
$19,473,408 |
$7,165,491
$1,557,873 |
$10,750,044 |
| 21 |
$20,447,232 |
$7,525,806
$1,635,779 |
$11,285,647 |
| 22 |
$21,469,696 |
$7,904,118
$1,717,576 |
$11,848,002 |
| 23 |
$22,542,848 |
$8,301,184
$1,803,428 |
$12,438,236 |
| 24 |
$23,670,272 |
$8,718,331
$1,893,622 |
$13,058,319 |
| 25 |
$24,853,504 |
$9,156,127
$1,988,280 |
$13,709,097 |
| 26 |
$26,096,640 |
$9,616,087
$2,087,731 |
$14,392,822 |
| 27 |
$27,401,216 |
$10,098,780
$2,192,097 |
$15,110,339 |
| 28 |
$28,771,328 |
$10,605,722
$2,301,706 |
$15,863,900 |
| 29 |
$30,210,048 |
$11,138,048
$2,416,804 |
$16,655,196 |
| 30 |
$31,720,448 |
$11,696,896
$2,537,636 |
$17,485,916 |
|
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