The jackpot for the Powerball draw on Sat Apr 4, 2026, is projected to be $217 Million, with an option for a cash payout of $97.4 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 4, 2026 |
|---|
| Draw Date | Sat Apr 4, 2026 | | Projected Jackpot | $217,000,000 | | Cash Value | $97,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,400,000 | | Federal Tax(24%) | $23,376,000 | | Additional Federal Tax | $12,622,330 | | State Tax(5%) | $4,870,000 | | Net Lumpsum Payment | $56,531,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,266,067 |
$1,168,775
$163,303 |
$1,933,989 |
| 2 |
$3,429,468 |
$1,229,234
$171,473 |
$2,028,761 |
| 3 |
$3,600,898 |
$1,292,663
$180,045 |
$2,128,190 |
| 4 |
$3,781,008 |
$1,359,303
$189,050 |
$2,232,655 |
| 5 |
$3,970,015 |
$1,429,236
$198,501 |
$2,342,278 |
| 6 |
$4,168,570 |
$1,502,701
$208,429 |
$2,457,440 |
| 7 |
$4,376,890 |
$1,579,780
$218,845 |
$2,578,265 |
| 8 |
$4,595,843 |
$1,660,792
$229,792 |
$2,705,259 |
| 9 |
$4,825,646 |
$1,745,819
$241,282 |
$2,838,545 |
| 10 |
$5,066,950 |
$1,835,102
$253,348 |
$2,978,500 |
| 11 |
$5,320,189 |
$1,928,800
$266,009 |
$3,125,380 |
| 12 |
$5,586,231 |
$2,027,236
$279,312 |
$3,279,683 |
| 13 |
$5,865,510 |
$2,130,569
$293,276 |
$3,441,665 |
| 14 |
$6,158,894 |
$2,239,121
$307,945 |
$3,611,828 |
| 15 |
$6,466,817 |
$2,353,053
$323,341 |
$3,790,423 |
| 16 |
$6,790,147 |
$2,472,685
$339,507 |
$3,977,955 |
| 17 |
$7,129,535 |
$2,598,258
$356,477 |
$4,174,800 |
| 18 |
$7,486,066 |
$2,730,175
$374,303 |
$4,381,588 |
| 19 |
$7,860,391 |
$2,868,675
$393,020 |
$4,598,696 |
| 20 |
$8,253,378 |
$3,014,080
$412,669 |
$4,826,629 |
| 21 |
$8,666,112 |
$3,166,792
$433,306 |
$5,066,014 |
| 22 |
$9,099,461 |
$3,327,131
$454,973 |
$5,317,357 |
| 23 |
$9,554,293 |
$3,495,419
$477,715 |
$5,581,159 |
| 24 |
$10,032,127 |
$3,672,217
$501,606 |
$5,858,304 |
| 25 |
$10,533,614 |
$3,857,768
$526,681 |
$6,149,165 |
| 26 |
$11,060,490 |
$4,052,712
$553,025 |
$6,454,753 |
| 27 |
$11,613,406 |
$4,257,291
$580,670 |
$6,775,445 |
| 28 |
$12,194,098 |
$4,472,147
$609,705 |
$7,112,246 |
| 29 |
$12,803,868 |
$4,697,762
$640,193 |
$7,465,913 |
| 30 |
$13,444,018 |
$4,934,617
$672,201 |
$7,837,200 |
|
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