The jackpot for the Powerball draw on Wed Sep 3, 2025, is projected to be $1.30 Billion, with an option for a cash payout of $589 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 Wed Sep 3, 2025 |
|---|
| Draw Date | Wed Sep 3, 2025 | | Projected Jackpot | $1,300,000,000 | | Cash Value | $589,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $589,000,000 | | Federal Tax(24%) | $141,360,000 | | Additional Federal Tax | $76,530,330 | | State Tax(5%) | $29,450,000 | | Net Lumpsum Payment | $341,659,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$19,566,300 |
$7,199,861
$978,315 |
$11,388,124 |
| 2 |
$20,545,200 |
$7,562,054
$1,027,260 |
$11,955,886 |
| 3 |
$21,572,200 |
$7,942,044
$1,078,610 |
$12,551,546 |
| 4 |
$22,651,200 |
$8,341,274
$1,132,560 |
$13,177,366 |
| 5 |
$23,783,500 |
$8,760,225
$1,189,175 |
$13,834,100 |
| 6 |
$24,973,000 |
$9,200,340
$1,248,650 |
$14,524,010 |
| 7 |
$26,221,000 |
$9,662,100
$1,311,050 |
$15,247,850 |
| 8 |
$27,532,700 |
$10,147,429
$1,376,635 |
$16,008,636 |
| 9 |
$28,909,400 |
$10,656,808
$1,445,470 |
$16,807,122 |
| 10 |
$30,355,000 |
$11,191,680
$1,517,750 |
$17,645,570 |
| 11 |
$31,872,100 |
$11,753,007
$1,593,605 |
$18,525,488 |
| 12 |
$33,465,900 |
$12,342,713
$1,673,295 |
$19,449,892 |
| 13 |
$35,139,000 |
$12,961,760
$1,756,950 |
$20,420,290 |
| 14 |
$36,896,600 |
$13,612,072
$1,844,830 |
$21,439,698 |
| 15 |
$38,741,300 |
$14,294,611
$1,937,065 |
$22,509,624 |
| 16 |
$40,678,300 |
$15,011,301
$2,033,915 |
$23,633,084 |
| 17 |
$42,711,500 |
$15,763,585
$2,135,575 |
$24,812,340 |
| 18 |
$44,847,400 |
$16,553,868
$2,242,370 |
$26,051,162 |
| 19 |
$47,089,900 |
$17,383,593
$2,354,495 |
$27,351,812 |
| 20 |
$49,444,200 |
$18,254,684
$2,472,210 |
$28,717,306 |
| 21 |
$51,916,800 |
$19,169,546
$2,595,840 |
$30,151,414 |
| 22 |
$54,512,900 |
$20,130,103
$2,725,645 |
$31,657,152 |
| 23 |
$57,237,700 |
$21,138,279
$2,861,885 |
$33,237,536 |
| 24 |
$60,100,300 |
$22,197,441
$3,005,015 |
$34,897,844 |
| 25 |
$63,104,600 |
$23,309,032
$3,155,230 |
$36,640,338 |
| 26 |
$66,261,000 |
$24,476,900
$3,313,050 |
$38,471,050 |
| 27 |
$69,573,400 |
$25,702,488
$3,478,670 |
$40,392,242 |
| 28 |
$73,052,200 |
$26,989,644
$3,652,610 |
$42,409,946 |
| 29 |
$76,705,200 |
$28,341,254
$3,835,260 |
$44,528,686 |
| 30 |
$80,540,200 |
$29,760,204
$4,027,010 |
$46,752,986 |
|
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