Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(5%)	$1,060,000
Net Lumpsum Payment	$12,335,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$34,617	$441,231
2	$726,984	-$229,314 -$36,349	$461,321
3	$763,324	-$242,760 -$38,166	$482,398
4	$801,504	-$256,887 -$40,075	$504,542
5	$841,570	-$271,711 -$42,079	$527,780
6	$883,660	-$287,285 -$44,183	$552,192
7	$927,820	-$303,624 -$46,391	$577,805
8	$974,234	-$320,797 -$48,712	$604,725
9	$1,022,948	-$338,821 -$51,147	$632,980
10	$1,074,100	-$357,747 -$53,705	$662,648
11	$1,127,782	-$377,610 -$56,389	$693,783
12	$1,184,178	-$398,476 -$59,209	$726,493
13	$1,243,380	-$420,381 -$62,169	$760,830
14	$1,305,572	-$443,392 -$65,279	$796,901
15	$1,370,846	-$467,543 -$68,542	$834,761
16	$1,439,386	-$492,903 -$71,969	$874,514
17	$1,511,330	-$519,522 -$75,567	$916,241
18	$1,586,908	-$547,486 -$79,345	$960,077
19	$1,666,258	-$576,846 -$83,313	$1,006,099
20	$1,749,564	-$607,669 -$87,478	$1,054,417
21	$1,837,056	-$640,041 -$91,853	$1,105,162
22	$1,928,918	-$674,030 -$96,446	$1,158,442
23	$2,025,334	-$709,704 -$101,267	$1,214,363
24	$2,126,626	-$747,182 -$106,331	$1,273,113
25	$2,232,932	-$786,515 -$111,647	$1,334,770
26	$2,344,620	-$827,840 -$117,231	$1,399,549
27	$2,461,828	-$871,207 -$123,091	$1,467,530
28	$2,584,924	-$916,752 -$129,246	$1,538,926
29	$2,714,184	-$964,578 -$135,709	$1,613,897
30	$2,849,884	-$1,014,787 -$142,494	$1,692,603