The jackpot for the Powerball draw on Mon Dec 8, 2025, is projected to be $875 Million, with an option for a cash payout of $403.6 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 Dec 8, 2025 |
|---|
| Draw Date | Mon Dec 8, 2025 | | Projected Jackpot | $875,000,000 | | Cash Value | $403,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $403,600,000 | | Federal Tax(24%) | $96,864,000 | | Additional Federal Tax | $52,428,330 | | State Tax(8%) | $32,288,000 | | Net Lumpsum Payment | $222,019,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,169,625 |
$4,833,092
$1,053,570 |
$7,282,963 |
| 2 |
$13,828,500 |
$5,076,875
$1,106,280 |
$7,645,345 |
| 3 |
$14,519,750 |
$5,332,638
$1,161,580 |
$8,025,532 |
| 4 |
$15,246,000 |
$5,601,350
$1,219,680 |
$8,424,970 |
| 5 |
$16,008,125 |
$5,883,337
$1,280,650 |
$8,844,138 |
| 6 |
$16,808,750 |
$6,179,568
$1,344,700 |
$9,284,482 |
| 7 |
$17,648,750 |
$6,490,368
$1,411,900 |
$9,746,482 |
| 8 |
$18,531,625 |
$6,817,032
$1,482,530 |
$10,232,063 |
| 9 |
$19,458,250 |
$7,159,883
$1,556,660 |
$10,741,707 |
| 10 |
$20,431,250 |
$7,519,893
$1,634,500 |
$11,276,857 |
| 11 |
$21,452,375 |
$7,897,709
$1,716,190 |
$11,838,476 |
| 12 |
$22,525,125 |
$8,294,627
$1,802,010 |
$12,428,488 |
| 13 |
$23,651,250 |
$8,711,293
$1,892,100 |
$13,047,857 |
| 14 |
$24,834,250 |
$9,149,003
$1,986,740 |
$13,698,507 |
| 15 |
$26,075,875 |
$9,608,404
$2,086,070 |
$14,381,401 |
| 16 |
$27,379,625 |
$10,090,792
$2,190,370 |
$15,098,463 |
| 17 |
$28,748,125 |
$10,597,137
$2,299,850 |
$15,851,138 |
| 18 |
$30,185,750 |
$11,129,058
$2,414,860 |
$16,641,832 |
| 19 |
$31,695,125 |
$11,687,527
$2,535,610 |
$17,471,988 |
| 20 |
$33,279,750 |
$12,273,838
$2,662,380 |
$18,343,532 |
| 21 |
$34,944,000 |
$12,889,610
$2,795,520 |
$19,258,870 |
| 22 |
$36,691,375 |
$13,536,139
$2,935,310 |
$20,219,926 |
| 23 |
$38,525,375 |
$14,214,719
$3,082,030 |
$21,228,626 |
| 24 |
$40,452,125 |
$14,927,617
$3,236,170 |
$22,288,338 |
| 25 |
$42,474,250 |
$15,675,803
$3,397,940 |
$23,400,507 |
| 26 |
$44,598,750 |
$16,461,868
$3,567,900 |
$24,568,982 |
| 27 |
$46,828,250 |
$17,286,783
$3,746,260 |
$25,795,207 |
| 28 |
$49,169,750 |
$18,153,138
$3,933,580 |
$27,083,032 |
| 29 |
$51,628,500 |
$19,062,875
$4,130,280 |
$28,435,345 |
| 30 |
$54,209,750 |
$20,017,938
$4,336,780 |
$29,855,032 |
|
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