The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Mon Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(8%) | $9,664,000 | | Net Lumpsum Payment | $66,479,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$310,653 |
$2,175,406 |
| 2 |
$4,077,432 |
$1,468,980
$326,195 |
$2,282,257 |
| 3 |
$4,281,252 |
$1,544,394
$342,500 |
$2,394,358 |
| 4 |
$4,495,392 |
$1,623,625
$359,631 |
$2,512,136 |
| 5 |
$4,720,110 |
$1,706,771
$377,609 |
$2,635,730 |
| 6 |
$4,956,180 |
$1,794,117
$396,494 |
$2,765,569 |
| 7 |
$5,203,860 |
$1,885,759
$416,309 |
$2,901,792 |
| 8 |
$5,464,182 |
$1,982,078
$437,135 |
$3,044,969 |
| 9 |
$5,737,404 |
$2,083,170
$458,992 |
$3,195,242 |
| 10 |
$6,024,300 |
$2,189,321
$481,944 |
$3,353,035 |
| 11 |
$6,325,386 |
$2,300,723
$506,031 |
$3,518,632 |
| 12 |
$6,641,694 |
$2,417,757
$531,336 |
$3,692,601 |
| 13 |
$6,973,740 |
$2,540,614
$557,899 |
$3,875,227 |
| 14 |
$7,322,556 |
$2,669,676
$585,804 |
$4,067,076 |
| 15 |
$7,688,658 |
$2,805,134
$615,093 |
$4,268,431 |
| 16 |
$8,073,078 |
$2,947,369
$645,846 |
$4,479,863 |
| 17 |
$8,476,590 |
$3,096,669
$678,127 |
$4,701,794 |
| 18 |
$8,900,484 |
$3,253,509
$712,039 |
$4,934,936 |
| 19 |
$9,345,534 |
$3,418,178
$747,643 |
$5,179,713 |
| 20 |
$9,812,772 |
$3,591,056
$785,022 |
$5,436,694 |
| 21 |
$10,303,488 |
$3,772,621
$824,279 |
$5,706,588 |
| 22 |
$10,818,714 |
$3,963,255
$865,497 |
$5,989,962 |
| 23 |
$11,359,482 |
$4,163,339
$908,759 |
$6,287,384 |
| 24 |
$11,927,598 |
$4,373,542
$954,208 |
$6,599,848 |
| 25 |
$12,523,836 |
$4,594,150
$1,001,907 |
$6,927,779 |
| 26 |
$13,150,260 |
$4,825,927
$1,052,021 |
$7,272,312 |
| 27 |
$13,807,644 |
$5,069,159
$1,104,612 |
$7,633,873 |
| 28 |
$14,498,052 |
$5,324,610
$1,159,844 |
$8,013,598 |
| 29 |
$15,223,032 |
$5,592,852
$1,217,843 |
$8,412,337 |
| 30 |
$15,984,132 |
$5,874,459
$1,278,731 |
$8,830,942 |
|
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