Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 30, 2025 is estimated to be $950 Million, with a cash option of 428.9 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 Aug 30, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 30, 2025	$950,000,000	$428,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$428,900,000
Federal Tax(24%)	$102,936,000
Additional Federal Tax	$55,717,330
State Tax(5%)	$21,445,000
Net Lumpsum Payment	$248,801,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,298,450	-$5,250,757 -$714,923	$8,332,770
2	$15,013,800	-$5,515,436 -$750,690	$8,747,674
3	$15,764,300	-$5,793,121 -$788,215	$9,182,964
4	$16,552,800	-$6,084,866 -$827,640	$9,640,294
5	$17,380,250	-$6,391,023 -$869,013	$10,120,214
6	$18,249,500	-$6,712,645 -$912,475	$10,624,380
7	$19,161,500	-$7,050,085 -$958,075	$11,153,340
8	$20,120,050	-$7,404,749 -$1,006,003	$11,709,298
9	$21,126,100	-$7,776,987 -$1,056,305	$12,292,808
10	$22,182,500	-$8,167,855 -$1,109,125	$12,905,520
11	$23,291,150	-$8,578,056 -$1,164,558	$13,548,536
12	$24,455,850	-$9,008,995 -$1,222,793	$14,224,062
13	$25,678,500	-$9,461,375 -$1,283,925	$14,933,200
14	$26,962,900	-$9,936,603 -$1,348,145	$15,678,152
15	$28,310,950	-$10,435,382 -$1,415,548	$16,460,020
16	$29,726,450	-$10,959,117 -$1,486,323	$17,281,010
17	$31,212,250	-$11,508,863 -$1,560,613	$18,142,774
18	$32,773,100	-$12,086,377 -$1,638,655	$19,048,068
19	$34,411,850	-$12,692,715 -$1,720,593	$19,998,542
20	$36,132,300	-$13,329,281 -$1,806,615	$20,996,404
21	$37,939,200	-$13,997,834 -$1,896,960	$22,044,406
22	$39,836,350	-$14,699,780 -$1,991,818	$23,144,752
23	$41,827,550	-$15,436,524 -$2,091,378	$24,299,648
24	$43,919,450	-$16,210,527 -$2,195,973	$25,512,950
25	$46,114,900	-$17,022,843 -$2,305,745	$26,786,312
26	$48,421,500	-$17,876,285 -$2,421,075	$28,124,140
27	$50,842,100	-$18,771,907 -$2,542,105	$29,528,088
28	$53,384,300	-$19,712,521 -$2,669,215	$31,002,564
29	$56,053,800	-$20,700,236 -$2,802,690	$32,550,874
30	$58,856,300	-$21,737,161 -$2,942,815	$34,176,324