The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(8%) | $61,624,000 | | Net Lumpsum Payment | $423,704,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$2,046,936 |
$14,112,355 |
| 2 |
$26,866,800 |
$9,901,046
$2,149,344 |
$14,816,410 |
| 3 |
$28,209,800 |
$10,397,956
$2,256,784 |
$15,555,060 |
| 4 |
$29,620,800 |
$10,920,026
$2,369,664 |
$16,331,110 |
| 5 |
$31,101,500 |
$11,467,885
$2,488,120 |
$17,145,495 |
| 6 |
$32,657,000 |
$12,043,420
$2,612,560 |
$18,001,020 |
| 7 |
$34,289,000 |
$12,647,260
$2,743,120 |
$18,898,620 |
| 8 |
$36,004,300 |
$13,281,921
$2,880,344 |
$19,842,035 |
| 9 |
$37,804,600 |
$13,948,032
$3,024,368 |
$20,832,200 |
| 10 |
$39,695,000 |
$14,647,480
$3,175,600 |
$21,871,920 |
| 11 |
$41,678,900 |
$15,381,523
$3,334,312 |
$22,963,065 |
| 12 |
$43,763,100 |
$16,152,677
$3,501,048 |
$24,109,375 |
| 13 |
$45,951,000 |
$16,962,200
$3,676,080 |
$25,312,720 |
| 14 |
$48,249,400 |
$17,812,608
$3,859,952 |
$26,576,840 |
| 15 |
$50,661,700 |
$18,705,159
$4,052,936 |
$27,903,605 |
| 16 |
$53,194,700 |
$19,642,369
$4,255,576 |
$29,296,755 |
| 17 |
$55,853,500 |
$20,626,125
$4,468,280 |
$30,759,095 |
| 18 |
$58,646,600 |
$21,659,572
$4,691,728 |
$32,295,300 |
| 19 |
$61,579,100 |
$22,744,597
$4,926,328 |
$33,908,175 |
| 20 |
$64,657,800 |
$23,883,716
$5,172,624 |
$35,601,460 |
| 21 |
$67,891,200 |
$25,080,074
$5,431,296 |
$37,379,830 |
| 22 |
$71,286,100 |
$26,336,187
$5,702,888 |
$39,247,025 |
| 23 |
$74,849,300 |
$27,654,571
$5,987,944 |
$41,206,785 |
| 24 |
$78,592,700 |
$29,039,629
$6,287,416 |
$43,265,655 |
| 25 |
$82,521,400 |
$30,493,248
$6,601,712 |
$45,426,440 |
| 26 |
$86,649,000 |
$32,020,460
$6,931,920 |
$47,696,620 |
| 27 |
$90,980,600 |
$33,623,152
$7,278,448 |
$50,079,000 |
| 28 |
$95,529,800 |
$35,306,356
$7,642,384 |
$52,581,060 |
| 29 |
$100,306,800 |
$37,073,846
$8,024,544 |
$55,208,410 |
| 30 |
$105,321,800 |
$38,929,396
$8,425,744 |
$57,966,660 |
|
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