The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(8%) | $10,688,000 | | Net Lumpsum Payment | $73,519,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$376,877 |
$2,630,699 |
| 2 |
$4,946,652 |
$1,790,592
$395,732 |
$2,760,328 |
| 3 |
$5,193,922 |
$1,882,082
$415,514 |
$2,896,326 |
| 4 |
$5,453,712 |
$1,978,204
$436,297 |
$3,039,211 |
| 5 |
$5,726,335 |
$2,079,074
$458,107 |
$3,189,154 |
| 6 |
$6,012,730 |
$2,185,040
$481,018 |
$3,346,672 |
| 7 |
$6,313,210 |
$2,296,218
$505,057 |
$3,511,935 |
| 8 |
$6,629,027 |
$2,413,070
$530,322 |
$3,685,635 |
| 9 |
$6,960,494 |
$2,535,713
$556,840 |
$3,867,941 |
| 10 |
$7,308,550 |
$2,664,494
$584,684 |
$4,059,372 |
| 11 |
$7,673,821 |
$2,799,644
$613,906 |
$4,260,271 |
| 12 |
$8,057,559 |
$2,941,627
$644,605 |
$4,471,327 |
| 13 |
$8,460,390 |
$3,090,675
$676,831 |
$4,692,884 |
| 14 |
$8,883,566 |
$3,247,250
$710,685 |
$4,925,631 |
| 15 |
$9,327,713 |
$3,411,584
$746,217 |
$5,169,912 |
| 16 |
$9,794,083 |
$3,584,141
$783,527 |
$5,426,415 |
| 17 |
$10,283,615 |
$3,765,268
$822,689 |
$5,695,658 |
| 18 |
$10,797,874 |
$3,955,544
$863,830 |
$5,978,500 |
| 19 |
$11,337,799 |
$4,155,316
$907,024 |
$6,275,459 |
| 20 |
$11,904,642 |
$4,365,048
$952,371 |
$6,587,223 |
| 21 |
$12,499,968 |
$4,585,319
$999,997 |
$6,914,652 |
| 22 |
$13,125,029 |
$4,816,591
$1,050,002 |
$7,258,436 |
| 23 |
$13,781,077 |
$5,059,329
$1,102,486 |
$7,619,262 |
| 24 |
$14,470,303 |
$5,314,342
$1,157,624 |
$7,998,337 |
| 25 |
$15,193,646 |
$5,581,979
$1,215,492 |
$8,396,175 |
| 26 |
$15,953,610 |
$5,863,166
$1,276,289 |
$8,814,155 |
| 27 |
$16,751,134 |
$6,158,250
$1,340,091 |
$9,252,793 |
| 28 |
$17,588,722 |
$6,468,158
$1,407,098 |
$9,713,466 |
| 29 |
$18,468,252 |
$6,793,584
$1,477,460 |
$10,197,208 |
| 30 |
$19,391,602 |
$7,135,223
$1,551,328 |
$10,705,051 |
|
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