The jackpot for the Powerball draw on Sat Dec 6, 2025, is projected to be $820 Million, with an option for a cash payout of $383.5 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 Dec 6, 2025 |
|---|
| Draw Date | Sat Dec 6, 2025 | | Projected Jackpot | $820,000,000 | | Cash Value | $383,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $383,500,000 | | Federal Tax(24%) | $92,040,000 | | Additional Federal Tax | $49,815,330 | | State Tax(8%) | $30,680,000 | | Net Lumpsum Payment | $210,964,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,341,820 |
$4,526,804
$987,346 |
$6,827,670 |
| 2 |
$12,959,280 |
$4,755,264
$1,036,742 |
$7,167,274 |
| 3 |
$13,607,080 |
$4,994,950
$1,088,566 |
$7,523,564 |
| 4 |
$14,287,680 |
$5,246,772
$1,143,014 |
$7,897,894 |
| 5 |
$15,001,900 |
$5,511,033
$1,200,152 |
$8,290,715 |
| 6 |
$15,752,200 |
$5,788,644
$1,260,176 |
$8,703,380 |
| 7 |
$16,539,400 |
$6,079,908
$1,323,152 |
$9,136,340 |
| 8 |
$17,366,780 |
$6,386,039
$1,389,342 |
$9,591,399 |
| 9 |
$18,235,160 |
$6,707,340
$1,458,813 |
$10,069,007 |
| 10 |
$19,147,000 |
$7,044,720
$1,531,760 |
$10,570,520 |
| 11 |
$20,103,940 |
$7,398,788
$1,608,315 |
$11,096,837 |
| 12 |
$21,109,260 |
$7,770,757
$1,688,741 |
$11,649,762 |
| 13 |
$22,164,600 |
$8,161,232
$1,773,168 |
$12,230,200 |
| 14 |
$23,273,240 |
$8,571,429
$1,861,859 |
$12,839,952 |
| 15 |
$24,436,820 |
$9,001,954
$1,954,946 |
$13,479,920 |
| 16 |
$25,658,620 |
$9,454,020
$2,052,690 |
$14,151,910 |
| 17 |
$26,941,100 |
$9,928,537
$2,155,288 |
$14,857,275 |
| 18 |
$28,288,360 |
$10,427,024
$2,263,069 |
$15,598,267 |
| 19 |
$29,702,860 |
$10,950,389
$2,376,229 |
$16,376,242 |
| 20 |
$31,187,880 |
$11,499,846
$2,495,030 |
$17,193,004 |
| 21 |
$32,747,520 |
$12,076,913
$2,619,802 |
$18,050,805 |
| 22 |
$34,385,060 |
$12,682,803
$2,750,805 |
$18,951,452 |
| 23 |
$36,103,780 |
$13,318,729
$2,888,302 |
$19,896,749 |
| 24 |
$37,909,420 |
$13,986,816
$3,032,754 |
$20,889,850 |
| 25 |
$39,804,440 |
$14,687,973
$3,184,355 |
$21,932,112 |
| 26 |
$41,795,400 |
$15,424,628
$3,343,632 |
$23,027,140 |
| 27 |
$43,884,760 |
$16,197,692
$3,510,781 |
$24,176,287 |
| 28 |
$46,079,080 |
$17,009,590
$3,686,326 |
$25,383,164 |
| 29 |
$48,383,280 |
$17,862,144
$3,870,662 |
$26,650,474 |
| 30 |
$50,802,280 |
$18,757,174
$4,064,182 |
$27,980,924 |
|
|
