The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 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 Wed Jul 9, 2025 |
|---|
| Draw Date | Wed Jul 9, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $98,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,400,000 | | Federal Tax(24%) | $23,616,000 | | Additional Federal Tax | $12,752,330 | | State Tax(5%) | $4,920,000 | | Net Lumpsum Payment | $57,111,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$162,551 |
$1,925,259 |
| 2 |
$3,413,664 |
$1,223,386
$170,683 |
$2,019,595 |
| 3 |
$3,584,304 |
$1,286,523
$179,215 |
$2,118,566 |
| 4 |
$3,763,584 |
$1,352,856
$188,179 |
$2,222,549 |
| 5 |
$3,951,720 |
$1,422,467
$197,586 |
$2,331,667 |
| 6 |
$4,149,360 |
$1,495,594
$207,468 |
$2,446,298 |
| 7 |
$4,356,720 |
$1,572,317
$217,836 |
$2,566,567 |
| 8 |
$4,574,664 |
$1,652,956
$228,733 |
$2,692,975 |
| 9 |
$4,803,408 |
$1,737,591
$240,170 |
$2,825,647 |
| 10 |
$5,043,600 |
$1,826,462
$252,180 |
$2,964,958 |
| 11 |
$5,295,672 |
$1,919,729
$264,784 |
$3,111,159 |
| 12 |
$5,560,488 |
$2,017,711
$278,024 |
$3,264,753 |
| 13 |
$5,838,480 |
$2,120,568
$291,924 |
$3,425,988 |
| 14 |
$6,130,512 |
$2,228,620
$306,526 |
$3,595,366 |
| 15 |
$6,437,016 |
$2,342,026
$321,851 |
$3,773,139 |
| 16 |
$6,758,856 |
$2,461,107
$337,943 |
$3,959,806 |
| 17 |
$7,096,680 |
$2,586,102
$354,834 |
$4,155,744 |
| 18 |
$7,451,568 |
$2,717,411
$372,578 |
$4,361,579 |
| 19 |
$7,824,168 |
$2,855,273
$391,208 |
$4,577,687 |
| 20 |
$8,215,344 |
$3,000,008
$410,767 |
$4,804,569 |
| 21 |
$8,626,176 |
$3,152,016
$431,309 |
$5,042,851 |
| 22 |
$9,057,528 |
$3,311,616
$452,876 |
$5,293,036 |
| 23 |
$9,510,264 |
$3,479,128
$475,513 |
$5,555,623 |
| 24 |
$9,985,896 |
$3,655,112
$499,295 |
$5,831,489 |
| 25 |
$10,485,072 |
$3,839,807
$524,254 |
$6,121,011 |
| 26 |
$11,009,520 |
$4,033,853
$550,476 |
$6,425,191 |
| 27 |
$11,559,888 |
$4,237,489
$577,994 |
$6,744,405 |
| 28 |
$12,137,904 |
$4,451,355
$606,895 |
$7,079,654 |
| 29 |
$12,744,864 |
$4,675,930
$637,243 |
$7,431,691 |
| 30 |
$13,382,064 |
$4,911,694
$669,103 |
$7,801,267 |
|
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