The jackpot for the Powerball draw on Sat Jan 17, 2026, is projected to be $179 Million, with an option for a cash payout of $80.8 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 Jan 17, 2026 |
|---|
| Draw Date | Sat Jan 17, 2026 | | Projected Jackpot | $179,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(8%) | $6,464,000 | | Net Lumpsum Payment | $44,479,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,694,129 |
$957,158
$215,530 |
$1,521,441 |
| 2 |
$2,828,916 |
$1,007,029
$226,313 |
$1,595,574 |
| 3 |
$2,970,326 |
$1,059,351
$237,626 |
$1,673,349 |
| 4 |
$3,118,896 |
$1,114,322
$249,512 |
$1,755,062 |
| 5 |
$3,274,805 |
$1,172,008
$261,984 |
$1,840,813 |
| 6 |
$3,438,590 |
$1,232,609
$275,087 |
$1,930,894 |
| 7 |
$3,610,430 |
$1,296,189
$288,834 |
$2,025,407 |
| 8 |
$3,791,041 |
$1,363,016
$303,283 |
$2,124,742 |
| 9 |
$3,980,602 |
$1,433,153
$318,448 |
$2,229,001 |
| 10 |
$4,179,650 |
$1,506,801
$334,372 |
$2,338,477 |
| 11 |
$4,388,543 |
$1,584,091
$351,083 |
$2,453,369 |
| 12 |
$4,607,997 |
$1,665,289
$368,640 |
$2,574,068 |
| 13 |
$4,838,370 |
$1,750,527
$387,070 |
$2,700,773 |
| 14 |
$5,080,378 |
$1,840,070
$406,430 |
$2,833,878 |
| 15 |
$5,334,379 |
$1,934,051
$426,750 |
$2,973,578 |
| 16 |
$5,601,089 |
$2,032,733
$448,087 |
$3,120,269 |
| 17 |
$5,881,045 |
$2,136,317
$470,484 |
$3,274,244 |
| 18 |
$6,175,142 |
$2,245,133
$494,011 |
$3,435,998 |
| 19 |
$6,483,917 |
$2,359,380
$518,713 |
$3,605,824 |
| 20 |
$6,808,086 |
$2,479,322
$544,647 |
$3,784,117 |
| 21 |
$7,148,544 |
$2,605,292
$571,884 |
$3,971,368 |
| 22 |
$7,506,007 |
$2,737,553
$600,481 |
$4,167,973 |
| 23 |
$7,881,191 |
$2,876,371
$630,495 |
$4,374,325 |
| 24 |
$8,275,349 |
$3,022,210
$662,028 |
$4,591,111 |
| 25 |
$8,689,018 |
$3,175,267
$695,121 |
$4,818,630 |
| 26 |
$9,123,630 |
$3,336,073
$729,890 |
$5,057,667 |
| 27 |
$9,579,722 |
$3,504,828
$766,378 |
$5,308,516 |
| 28 |
$10,058,726 |
$3,682,059
$804,698 |
$5,571,969 |
| 29 |
$10,561,716 |
$3,868,165
$844,937 |
$5,848,614 |
| 30 |
$11,089,766 |
$4,063,544
$887,181 |
$6,139,041 |
|
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