The jackpot for the Powerball draw on Wed Sep 30, 2026, is projected to be $409 Million, with an option for a cash payout of $170.2 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 30, 2026 |
|---|
| Draw Date | Wed Sep 30, 2026 | | Projected Jackpot | $409,000,000 | | Cash Value | $170,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,200,000 | | Federal Tax(24%) | $40,848,000 | | Additional Federal Tax | $22,086,330 | | State Tax(5%) | $8,510,000 | | Net Lumpsum Payment | $98,755,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,155,859 |
$2,237,998
$307,793 |
$3,610,068 |
| 2 |
$6,463,836 |
$2,351,950
$323,192 |
$3,788,694 |
| 3 |
$6,786,946 |
$2,471,500
$339,347 |
$3,976,099 |
| 4 |
$7,126,416 |
$2,597,104
$356,321 |
$4,172,991 |
| 5 |
$7,482,655 |
$2,728,913
$374,133 |
$4,379,609 |
| 6 |
$7,856,890 |
$2,867,380
$392,845 |
$4,596,665 |
| 7 |
$8,249,530 |
$3,012,656
$412,477 |
$4,824,397 |
| 8 |
$8,662,211 |
$3,165,348
$433,111 |
$5,063,752 |
| 9 |
$9,095,342 |
$3,325,607
$454,767 |
$5,314,968 |
| 10 |
$9,550,150 |
$3,493,886
$477,508 |
$5,578,756 |
| 11 |
$10,027,453 |
$3,670,488
$501,373 |
$5,855,592 |
| 12 |
$10,528,887 |
$3,856,019
$526,444 |
$6,146,424 |
| 13 |
$11,055,270 |
$4,050,780
$552,764 |
$6,451,726 |
| 14 |
$11,608,238 |
$4,255,378
$580,412 |
$6,772,448 |
| 15 |
$12,188,609 |
$4,470,116
$609,430 |
$7,109,063 |
| 16 |
$12,798,019 |
$4,695,597
$639,901 |
$7,462,521 |
| 17 |
$13,437,695 |
$4,932,278
$671,885 |
$7,833,532 |
| 18 |
$14,109,682 |
$5,180,913
$705,484 |
$8,223,285 |
| 19 |
$14,815,207 |
$5,441,957
$740,760 |
$8,632,490 |
| 20 |
$15,555,906 |
$5,716,016
$777,795 |
$9,062,095 |
| 21 |
$16,333,824 |
$6,003,845
$816,691 |
$9,513,288 |
| 22 |
$17,150,597 |
$6,306,051
$857,530 |
$9,987,016 |
| 23 |
$18,007,861 |
$6,623,239
$900,393 |
$10,484,229 |
| 24 |
$18,908,479 |
$6,956,468
$945,424 |
$11,006,587 |
| 25 |
$19,853,678 |
$7,306,191
$992,684 |
$11,554,803 |
| 26 |
$20,846,730 |
$7,673,620
$1,042,337 |
$12,130,773 |
| 27 |
$21,888,862 |
$8,059,209
$1,094,443 |
$12,735,210 |
| 28 |
$22,983,346 |
$8,464,168
$1,149,167 |
$13,370,011 |
| 29 |
$24,132,636 |
$8,889,406
$1,206,632 |
$14,036,598 |
| 30 |
$25,339,186 |
$9,335,829
$1,266,959 |
$14,736,398 |
|
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