Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Mon Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(5%)	$10,610,000
Net Lumpsum Payment	$123,115,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$359,719	$4,212,409
2	$7,554,312	-$2,755,426 -$377,716	$4,421,170
3	$7,931,932	-$2,895,145 -$396,597	$4,640,190
4	$8,328,672	-$3,041,939 -$416,434	$4,870,299
5	$8,745,010	-$3,195,984 -$437,251	$5,111,775
6	$9,182,380	-$3,357,811 -$459,119	$5,365,450
7	$9,641,260	-$3,527,597 -$482,063	$5,631,600
8	$10,123,562	-$3,706,048 -$506,178	$5,911,336
9	$10,629,764	-$3,893,343 -$531,488	$6,204,933
10	$11,161,300	-$4,090,011 -$558,065	$6,513,224
11	$11,719,126	-$4,296,407 -$585,956	$6,836,763
12	$12,305,154	-$4,513,237 -$615,258	$7,176,659
13	$12,920,340	-$4,740,856 -$646,017	$7,533,467
14	$13,566,596	-$4,979,971 -$678,330	$7,908,295
15	$14,244,878	-$5,230,935 -$712,244	$8,301,699
16	$14,957,098	-$5,494,457 -$747,855	$8,714,786
17	$15,704,690	-$5,771,066 -$785,235	$9,148,389
18	$16,490,044	-$6,061,647 -$824,502	$9,603,895
19	$17,314,594	-$6,366,730 -$865,730	$10,082,134
20	$18,180,252	-$6,687,024 -$909,013	$10,584,215
21	$19,089,408	-$7,023,411 -$954,470	$11,111,527
22	$20,043,974	-$7,376,601 -$1,002,199	$11,665,174
23	$21,045,862	-$7,747,299 -$1,052,293	$12,246,270
24	$22,098,418	-$8,136,745 -$1,104,921	$12,856,752
25	$23,203,076	-$8,545,469 -$1,160,154	$13,497,453
26	$24,363,660	-$8,974,885 -$1,218,183	$14,170,592
27	$25,581,604	-$9,425,524 -$1,279,080	$14,877,000
28	$26,860,732	-$9,898,801 -$1,343,037	$15,618,894
29	$28,203,912	-$10,395,778 -$1,410,196	$16,397,938
30	$29,614,012	-$10,917,515 -$1,480,701	$17,215,796