Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 20, 2025 is estimated to be $99 Million, with a cash option of 46.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Sat Sep 20, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 20, 2025	$99,000,000	$46,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$46,300,000
Federal Tax(24%)	$11,112,000
Additional Federal Tax	$5,979,330
State Tax(5%)	$2,315,000
Net Lumpsum Payment	$26,893,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,490,049	-$511,649 -$74,502	$903,898
2	$1,564,596	-$539,231 -$78,230	$947,135
3	$1,642,806	-$568,169 -$82,140	$992,497
4	$1,724,976	-$598,572 -$86,249	$1,040,155
5	$1,811,205	-$630,476 -$90,560	$1,090,169
6	$1,901,790	-$663,993 -$95,090	$1,142,707
7	$1,996,830	-$699,157 -$99,842	$1,197,831
8	$2,096,721	-$736,117 -$104,836	$1,255,768
9	$2,201,562	-$774,908 -$110,078	$1,316,576
10	$2,311,650	-$815,641 -$115,583	$1,380,426
11	$2,427,183	-$858,388 -$121,359	$1,447,436
12	$2,548,557	-$903,296 -$127,428	$1,517,833
13	$2,675,970	-$950,439 -$133,799	$1,591,732
14	$2,809,818	-$999,963 -$140,491	$1,669,364
15	$2,950,299	-$1,051,941 -$147,515	$1,750,843
16	$3,097,809	-$1,106,520 -$154,890	$1,836,399
17	$3,252,645	-$1,163,809 -$162,632	$1,926,204
18	$3,415,302	-$1,223,992 -$170,765	$2,020,545
19	$3,586,077	-$1,287,179 -$179,304	$2,119,594
20	$3,765,366	-$1,353,516 -$188,268	$2,223,582
21	$3,953,664	-$1,423,186 -$197,683	$2,332,795
22	$4,151,367	-$1,496,336 -$207,568	$2,447,463
23	$4,358,871	-$1,573,113 -$217,944	$2,567,814
24	$4,576,869	-$1,653,772 -$228,843	$2,694,254
25	$4,805,658	-$1,738,424 -$240,283	$2,826,951
26	$5,046,030	-$1,827,361 -$252,302	$2,966,367
27	$5,298,282	-$1,920,695 -$264,914	$3,112,673
28	$5,563,206	-$2,018,717 -$278,160	$3,266,329
29	$5,841,396	-$2,121,647 -$292,070	$3,427,679
30	$6,133,446	-$2,229,705 -$306,672	$3,597,069