The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(8%) | $5,064,000 | | Net Lumpsum Payment | $34,854,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$175,796 |
$1,248,265 |
| 2 |
$2,307,384 |
$814,062
$184,591 |
$1,308,731 |
| 3 |
$2,422,724 |
$856,738
$193,818 |
$1,372,168 |
| 4 |
$2,543,904 |
$901,575
$203,512 |
$1,438,817 |
| 5 |
$2,671,070 |
$948,626
$213,686 |
$1,508,758 |
| 6 |
$2,804,660 |
$998,055
$224,373 |
$1,582,232 |
| 7 |
$2,944,820 |
$1,049,914
$235,586 |
$1,659,320 |
| 8 |
$3,092,134 |
$1,104,420
$247,371 |
$1,740,343 |
| 9 |
$3,246,748 |
$1,161,627
$259,740 |
$1,825,381 |
| 10 |
$3,409,100 |
$1,221,697
$272,728 |
$1,914,675 |
| 11 |
$3,579,482 |
$1,284,739
$286,359 |
$2,008,384 |
| 12 |
$3,758,478 |
$1,350,967
$300,678 |
$2,106,833 |
| 13 |
$3,946,380 |
$1,420,491
$315,710 |
$2,210,179 |
| 14 |
$4,143,772 |
$1,493,526
$331,502 |
$2,318,744 |
| 15 |
$4,350,946 |
$1,570,180
$348,076 |
$2,432,690 |
| 16 |
$4,568,486 |
$1,650,670
$365,479 |
$2,552,337 |
| 17 |
$4,796,830 |
$1,735,157
$383,746 |
$2,677,927 |
| 18 |
$5,036,708 |
$1,823,912
$402,937 |
$2,809,859 |
| 19 |
$5,288,558 |
$1,917,097
$423,085 |
$2,948,376 |
| 20 |
$5,552,964 |
$2,014,927
$444,237 |
$3,093,800 |
| 21 |
$5,830,656 |
$2,117,673
$466,452 |
$3,246,531 |
| 22 |
$6,122,218 |
$2,225,551
$489,777 |
$3,406,890 |
| 23 |
$6,428,234 |
$2,338,777
$514,259 |
$3,575,198 |
| 24 |
$6,749,726 |
$2,457,729
$539,978 |
$3,752,019 |
| 25 |
$7,087,132 |
$2,582,569
$566,971 |
$3,937,592 |
| 26 |
$7,441,620 |
$2,713,730
$595,330 |
$4,132,560 |
| 27 |
$7,813,628 |
$2,851,373
$625,090 |
$4,337,165 |
| 28 |
$8,204,324 |
$2,995,930
$656,346 |
$4,552,048 |
| 29 |
$8,614,584 |
$3,147,726
$689,167 |
$4,777,691 |
| 30 |
$9,045,284 |
$3,307,085
$723,623 |
$5,014,576 |
|
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