The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(8%) | $11,048,000 | | Net Lumpsum Payment | $75,994,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$355,204 |
$2,481,694 |
| 2 |
$4,662,180 |
$1,685,337
$372,974 |
$2,603,869 |
| 3 |
$4,895,230 |
$1,771,565
$391,618 |
$2,732,047 |
| 4 |
$5,140,080 |
$1,862,160
$411,206 |
$2,866,714 |
| 5 |
$5,397,025 |
$1,957,230
$431,762 |
$3,008,033 |
| 6 |
$5,666,950 |
$2,057,102
$453,356 |
$3,156,492 |
| 7 |
$5,950,150 |
$2,161,886
$476,012 |
$3,312,252 |
| 8 |
$6,247,805 |
$2,272,018
$499,824 |
$3,475,963 |
| 9 |
$6,560,210 |
$2,387,608
$524,817 |
$3,647,785 |
| 10 |
$6,888,250 |
$2,508,983
$551,060 |
$3,828,207 |
| 11 |
$7,232,515 |
$2,636,361
$578,601 |
$4,017,553 |
| 12 |
$7,594,185 |
$2,770,179
$607,535 |
$4,216,471 |
| 13 |
$7,973,850 |
$2,910,655
$637,908 |
$4,425,287 |
| 14 |
$8,372,690 |
$3,058,226
$669,815 |
$4,644,649 |
| 15 |
$8,791,295 |
$3,213,110
$703,304 |
$4,874,881 |
| 16 |
$9,230,845 |
$3,375,743
$738,468 |
$5,116,634 |
| 17 |
$9,692,225 |
$3,546,454
$775,378 |
$5,370,393 |
| 18 |
$10,176,910 |
$3,725,787
$814,153 |
$5,636,970 |
| 19 |
$10,685,785 |
$3,914,071
$854,863 |
$5,916,851 |
| 20 |
$11,220,030 |
$4,111,741
$897,602 |
$6,210,687 |
| 21 |
$11,781,120 |
$4,319,345
$942,490 |
$6,519,285 |
| 22 |
$12,370,235 |
$4,537,317
$989,619 |
$6,843,299 |
| 23 |
$12,988,555 |
$4,766,096
$1,039,084 |
$7,183,375 |
| 24 |
$13,638,145 |
$5,006,444
$1,091,052 |
$7,540,649 |
| 25 |
$14,319,890 |
$5,258,690
$1,145,591 |
$7,915,609 |
| 26 |
$15,036,150 |
$5,523,706
$1,202,892 |
$8,309,552 |
| 27 |
$15,787,810 |
$5,801,820
$1,263,025 |
$8,722,965 |
| 28 |
$16,577,230 |
$6,093,905
$1,326,178 |
$9,157,147 |
| 29 |
$17,406,180 |
$6,400,617
$1,392,494 |
$9,613,069 |
| 30 |
$18,276,430 |
$6,722,609
$1,462,114 |
$10,091,707 |
|
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