The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 Jul 19, 2025 |
|---|
| Draw Date | Sat Jul 19, 2025 | | Projected Jackpot | $288,000,000 | | Cash Value | $130,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $130,600,000 | | Federal Tax(24%) | $31,344,000 | | Additional Federal Tax | $16,938,330 | | State Tax(5%) | $6,530,000 | | Net Lumpsum Payment | $75,787,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,334,688 |
$1,564,165
$216,734 |
$2,553,789 |
| 2 |
$4,551,552 |
$1,644,405
$227,578 |
$2,679,569 |
| 3 |
$4,779,072 |
$1,728,587
$238,954 |
$2,811,531 |
| 4 |
$5,018,112 |
$1,817,032
$250,906 |
$2,950,174 |
| 5 |
$5,268,960 |
$1,909,846
$263,448 |
$3,095,666 |
| 6 |
$5,532,480 |
$2,007,348
$276,624 |
$3,248,508 |
| 7 |
$5,808,960 |
$2,109,646
$290,448 |
$3,408,866 |
| 8 |
$6,099,552 |
$2,217,165
$304,978 |
$3,577,409 |
| 9 |
$6,404,544 |
$2,330,012
$320,227 |
$3,754,305 |
| 10 |
$6,724,800 |
$2,448,506
$336,240 |
$3,940,054 |
| 11 |
$7,060,896 |
$2,572,862
$353,045 |
$4,134,989 |
| 12 |
$7,413,984 |
$2,703,504
$370,699 |
$4,339,781 |
| 13 |
$7,784,640 |
$2,840,647
$389,232 |
$4,554,761 |
| 14 |
$8,174,016 |
$2,984,716
$408,701 |
$4,780,599 |
| 15 |
$8,582,688 |
$3,135,925
$429,134 |
$5,017,629 |
| 16 |
$9,011,808 |
$3,294,699
$450,590 |
$5,266,519 |
| 17 |
$9,462,240 |
$3,461,359
$473,112 |
$5,527,769 |
| 18 |
$9,935,424 |
$3,636,437
$496,771 |
$5,802,216 |
| 19 |
$10,432,224 |
$3,820,253
$521,611 |
$6,090,360 |
| 20 |
$10,953,792 |
$4,013,233
$547,690 |
$6,392,869 |
| 21 |
$11,501,568 |
$4,215,911
$575,078 |
$6,710,579 |
| 22 |
$12,076,704 |
$4,428,711
$603,835 |
$7,044,158 |
| 23 |
$12,680,352 |
$4,652,061
$634,018 |
$7,394,273 |
| 24 |
$13,314,528 |
$4,886,706
$665,726 |
$7,762,096 |
| 25 |
$13,980,096 |
$5,132,966
$699,005 |
$8,148,125 |
| 26 |
$14,679,360 |
$5,391,694
$733,968 |
$8,553,698 |
| 27 |
$15,413,184 |
$5,663,208
$770,659 |
$8,979,317 |
| 28 |
$16,183,872 |
$5,948,363
$809,194 |
$9,426,315 |
| 29 |
$16,993,152 |
$6,247,797
$849,658 |
$9,895,697 |
| 30 |
$17,842,752 |
$6,562,149
$892,138 |
$10,388,465 |
|
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