The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(8%) | $3,680,000 | | Net Lumpsum Payment | $25,339,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$121,612 |
$875,753 |
| 2 |
$1,596,204 |
$550,926
$127,696 |
$917,582 |
| 3 |
$1,675,994 |
$580,448
$134,080 |
$961,466 |
| 4 |
$1,759,824 |
$611,465
$140,786 |
$1,007,573 |
| 5 |
$1,847,795 |
$644,015
$147,824 |
$1,055,956 |
| 6 |
$1,940,210 |
$678,208
$155,217 |
$1,106,785 |
| 7 |
$2,037,170 |
$714,083
$162,974 |
$1,160,113 |
| 8 |
$2,139,079 |
$751,790
$171,126 |
$1,216,163 |
| 9 |
$2,246,038 |
$791,364
$179,683 |
$1,274,991 |
| 10 |
$2,358,350 |
$832,920
$188,668 |
$1,336,762 |
| 11 |
$2,476,217 |
$876,531
$198,097 |
$1,401,589 |
| 12 |
$2,600,043 |
$922,346
$208,003 |
$1,469,694 |
| 13 |
$2,730,030 |
$970,441
$218,402 |
$1,541,187 |
| 14 |
$2,866,582 |
$1,020,966
$229,327 |
$1,616,289 |
| 15 |
$3,009,901 |
$1,073,994
$240,792 |
$1,695,115 |
| 16 |
$3,160,391 |
$1,129,675
$252,831 |
$1,777,885 |
| 17 |
$3,318,355 |
$1,188,122
$265,468 |
$1,864,765 |
| 18 |
$3,484,298 |
$1,249,521
$278,744 |
$1,956,033 |
| 19 |
$3,658,523 |
$1,313,984
$292,682 |
$2,051,857 |
| 20 |
$3,841,434 |
$1,381,661
$307,315 |
$2,152,458 |
| 21 |
$4,033,536 |
$1,452,739
$322,683 |
$2,258,114 |
| 22 |
$4,235,233 |
$1,527,367
$338,819 |
$2,369,047 |
| 23 |
$4,446,929 |
$1,605,694
$355,754 |
$2,485,481 |
| 24 |
$4,669,331 |
$1,687,983
$373,546 |
$2,607,802 |
| 25 |
$4,902,742 |
$1,774,345
$392,219 |
$2,736,178 |
| 26 |
$5,147,970 |
$1,865,079
$411,838 |
$2,871,053 |
| 27 |
$5,405,318 |
$1,960,298
$432,425 |
$3,012,595 |
| 28 |
$5,675,594 |
$2,060,300
$454,048 |
$3,161,246 |
| 29 |
$5,959,404 |
$2,165,310
$476,752 |
$3,317,342 |
| 30 |
$6,257,354 |
$2,275,551
$500,588 |
$3,481,215 |
|
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