Jackpot Analysis Massachusetts Powerball

Jackpot Analysis for Massachusetts Powerball
The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.

Massachusetts Powerball Jackpot/Cash Option for Sat Apr 26, 2025
Draw DateSat Apr 26, 2025
Projected Jackpot$168,000,000
Cash Value$77,100,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$77,100,000
Federal Tax(24%)$18,504,000
Additional Federal Tax$9,983,330
State Tax(5%)$3,855,000
Net Lumpsum Payment$44,757,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,528,568 $895,901
$126,428
$1,506,239
2 $2,655,072 $942,707
$132,754
$1,579,611
3 $2,787,792 $991,813
$139,390
$1,656,589
4 $2,927,232 $1,043,406
$146,362
$1,737,464
5 $3,073,560 $1,097,548
$153,678
$1,822,334
6 $3,227,280 $1,154,424
$161,364
$1,911,492
7 $3,388,560 $1,214,098
$169,428
$2,005,034
8 $3,558,072 $1,276,817
$177,904
$2,103,351
9 $3,735,984 $1,342,644
$186,799
$2,206,541
10 $3,922,800 $1,411,766
$196,140
$2,314,894
11 $4,118,856 $1,484,307
$205,943
$2,428,606
12 $4,324,824 $1,560,515
$216,241
$2,548,068
13 $4,541,040 $1,640,515
$227,052
$2,673,473
14 $4,768,176 $1,724,556
$238,409
$2,805,211
15 $5,006,568 $1,812,761
$250,328
$2,943,479
16 $5,256,888 $1,905,379
$262,844
$3,088,665
17 $5,519,640 $2,002,597
$275,982
$3,241,061
18 $5,795,664 $2,104,726
$289,783
$3,401,155
19 $6,085,464 $2,211,952
$304,273
$3,569,239
20 $6,389,712 $2,324,524
$319,486
$3,745,702
21 $6,709,248 $2,442,752
$335,462
$3,931,034
22 $7,044,744 $2,566,886
$352,237
$4,125,621
23 $7,396,872 $2,697,173
$369,844
$4,329,855
24 $7,766,808 $2,834,049
$388,340
$4,544,419
25 $8,155,056 $2,977,701
$407,753
$4,769,602
26 $8,562,960 $3,128,626
$428,148
$5,006,186
27 $8,991,024 $3,287,009
$449,551
$5,254,464
28 $9,440,592 $3,453,349
$472,030
$5,515,213
29 $9,912,672 $3,628,019
$495,634
$5,789,019
30 $10,408,272 $3,811,391
$520,414
$6,076,467