The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 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 Wed Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(8%) | $45,768,000 | | Net Lumpsum Payment | $314,694,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$1,505,100 |
$10,387,232 |
| 2 |
$19,755,000 |
$7,269,680
$1,580,400 |
$10,904,920 |
| 3 |
$20,742,500 |
$7,635,055
$1,659,400 |
$11,448,045 |
| 4 |
$21,780,000 |
$8,018,930
$1,742,400 |
$12,018,670 |
| 5 |
$22,868,750 |
$8,421,768
$1,829,500 |
$12,617,482 |
| 6 |
$24,012,500 |
$8,844,955
$1,921,000 |
$13,246,545 |
| 7 |
$25,212,500 |
$9,288,955
$2,017,000 |
$13,906,545 |
| 8 |
$26,473,750 |
$9,755,618
$2,117,900 |
$14,600,232 |
| 9 |
$27,797,500 |
$10,245,405
$2,223,800 |
$15,328,295 |
| 10 |
$29,187,500 |
$10,759,705
$2,335,000 |
$16,092,795 |
| 11 |
$30,646,250 |
$11,299,443
$2,451,700 |
$16,895,107 |
| 12 |
$32,178,750 |
$11,866,468
$2,574,300 |
$17,737,982 |
| 13 |
$33,787,500 |
$12,461,705
$2,703,000 |
$18,622,795 |
| 14 |
$35,477,500 |
$13,087,005
$2,838,200 |
$19,552,295 |
| 15 |
$37,251,250 |
$13,743,293
$2,980,100 |
$20,527,857 |
| 16 |
$39,113,750 |
$14,432,418
$3,129,100 |
$21,552,232 |
| 17 |
$41,068,750 |
$15,155,768
$3,285,500 |
$22,627,482 |
| 18 |
$43,122,500 |
$15,915,655
$3,449,800 |
$23,757,045 |
| 19 |
$45,278,750 |
$16,713,468
$3,622,300 |
$24,942,982 |
| 20 |
$47,542,500 |
$17,551,055
$3,803,400 |
$26,188,045 |
| 21 |
$49,920,000 |
$18,430,730
$3,993,600 |
$27,495,670 |
| 22 |
$52,416,250 |
$19,354,343
$4,193,300 |
$28,868,607 |
| 23 |
$55,036,250 |
$20,323,743
$4,402,900 |
$30,309,607 |
| 24 |
$57,788,750 |
$21,342,168
$4,623,100 |
$31,823,482 |
| 25 |
$60,677,500 |
$22,411,005
$4,854,200 |
$33,412,295 |
| 26 |
$63,712,500 |
$23,533,955
$5,097,000 |
$35,081,545 |
| 27 |
$66,897,500 |
$24,712,405
$5,351,800 |
$36,833,295 |
| 28 |
$70,242,500 |
$25,950,055
$5,619,400 |
$38,673,045 |
| 29 |
$73,755,000 |
$27,249,680
$5,900,400 |
$40,604,920 |
| 30 |
$77,442,500 |
$28,614,055
$6,195,400 |
$42,633,045 |
|
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