Jackpot Analysis Massachusetts Powerball

Jackpot Analysis for Massachusetts Powerball
The jackpot for the Powerball draw on Sat Mar 15, 2025, is projected to be $378 Million, with an option for a cash payout of $177.5 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 Mar 15, 2025
Draw DateSat Mar 15, 2025
Projected Jackpot$378,000,000
Cash Value$177,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$177,500,000
Federal Tax(24%)$42,600,000
Additional Federal Tax$23,035,330
State Tax(5%)$8,875,000
Net Lumpsum Payment$102,989,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,689,278 $2,065,363
$284,464
$3,339,451
2 $5,973,912 $2,170,678
$298,696
$3,504,538
3 $6,272,532 $2,281,167
$313,627
$3,677,738
4 $6,586,272 $2,397,251
$329,314
$3,859,707
5 $6,915,510 $2,519,069
$345,776
$4,050,665
6 $7,261,380 $2,647,041
$363,069
$4,251,270
7 $7,624,260 $2,781,307
$381,213
$4,461,740
8 $8,005,662 $2,922,425
$400,283
$4,682,954
9 $8,405,964 $3,070,537
$420,298
$4,915,129
10 $8,826,300 $3,226,061
$441,315
$5,158,924
11 $9,267,426 $3,389,278
$463,371
$5,414,777
12 $9,730,854 $3,560,746
$486,543
$5,683,565
13 $10,217,340 $3,740,746
$510,867
$5,965,727
14 $10,728,396 $3,929,837
$536,420
$6,262,139
15 $11,264,778 $4,128,298
$563,239
$6,573,241
16 $11,827,998 $4,336,690
$591,400
$6,899,908
17 $12,419,190 $4,555,431
$620,960
$7,242,799
18 $13,040,244 $4,785,221
$652,012
$7,603,011
19 $13,692,294 $5,026,479
$684,615
$7,981,200
20 $14,376,852 $5,279,766
$718,843
$8,378,243
21 $15,095,808 $5,545,779
$754,790
$8,795,239
22 $15,850,674 $5,825,080
$792,534
$9,233,060
23 $16,642,962 $6,118,226
$832,148
$9,692,588
24 $17,475,318 $6,426,198
$873,766
$10,175,354
25 $18,348,876 $6,749,415
$917,444
$10,682,017
26 $19,266,660 $7,088,995
$963,333
$11,214,332
27 $20,229,804 $7,445,358
$1,011,490
$11,772,956
28 $21,241,332 $7,819,623
$1,062,067
$12,359,642
29 $22,303,512 $8,212,630
$1,115,176
$12,975,706
30 $23,418,612 $8,625,217
$1,170,931
$13,622,464