Jackpot Analysis New Jersey Powerball

Jackpot Analysis for New Jersey Powerball
The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025
Draw DateSat Jul 5, 2025
Projected Jackpot$190,000,000
Cash Value$87,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$87,000,000
Federal Tax(24%)$20,880,000
Additional Federal Tax$11,270,330
State Tax(8%)$6,960,000
Net Lumpsum Payment$47,889,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,859,690 $1,018,416
$228,775
$1,612,499
2 $3,002,760 $1,071,352
$240,221
$1,691,187
3 $3,152,860 $1,126,889
$252,229
$1,773,742
4 $3,310,560 $1,185,238
$264,845
$1,860,477
5 $3,476,050 $1,246,469
$278,084
$1,951,497
6 $3,649,900 $1,310,793
$291,992
$2,047,115
7 $3,832,300 $1,378,281
$306,584
$2,147,435
8 $4,024,010 $1,449,214
$321,921
$2,252,875
9 $4,225,220 $1,523,662
$338,018
$2,363,540
10 $4,436,500 $1,601,835
$354,920
$2,479,745
11 $4,658,230 $1,683,875
$372,658
$2,601,697
12 $4,891,170 $1,770,063
$391,294
$2,729,813
13 $5,135,700 $1,860,539
$410,856
$2,864,305
14 $5,392,580 $1,955,585
$431,406
$3,005,589
15 $5,662,190 $2,055,341
$452,975
$3,153,874
16 $5,945,290 $2,160,088
$475,623
$3,309,579
17 $6,242,450 $2,270,037
$499,396
$3,473,017
18 $6,554,620 $2,385,540
$524,370
$3,644,710
19 $6,882,370 $2,506,807
$550,590
$3,824,973
20 $7,226,460 $2,634,121
$578,117
$4,014,222
21 $7,587,840 $2,767,831
$607,027
$4,212,982
22 $7,967,270 $2,908,220
$637,382
$4,421,668
23 $8,365,510 $3,055,569
$669,241
$4,640,700
24 $8,783,890 $3,210,370
$702,711
$4,870,809
25 $9,222,980 $3,372,833
$737,838
$5,112,309
26 $9,684,300 $3,543,521
$774,744
$5,366,035
27 $10,168,420 $3,722,646
$813,474
$5,632,300
28 $10,676,860 $3,910,769
$854,149
$5,911,942
29 $11,210,760 $4,108,312
$896,861
$6,205,587
30 $11,771,260 $4,315,697
$941,701
$6,513,862