The jackpot for the Powerball draw on Mon Sep 28, 2026, is projected to be $389 Million, with an option for a cash payout of $161.9 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 Mon Sep 28, 2026 |
|---|
| Draw Date | Mon Sep 28, 2026 | | Projected Jackpot | $389,000,000 | | Cash Value | $161,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $161,900,000 | | Federal Tax(24%) | $38,856,000 | | Additional Federal Tax | $21,007,330 | | State Tax(5%) | $8,095,000 | | Net Lumpsum Payment | $93,941,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,854,839 |
$2,126,621
$292,742 |
$3,435,476 |
| 2 |
$6,147,756 |
$2,235,000
$307,388 |
$3,605,368 |
| 3 |
$6,455,066 |
$2,348,705
$322,753 |
$3,783,608 |
| 4 |
$6,777,936 |
$2,468,167
$338,897 |
$3,970,872 |
| 5 |
$7,116,755 |
$2,593,530
$355,838 |
$4,167,387 |
| 6 |
$7,472,690 |
$2,725,226
$373,635 |
$4,373,829 |
| 7 |
$7,846,130 |
$2,863,398
$392,307 |
$4,590,425 |
| 8 |
$8,238,631 |
$3,008,624
$411,932 |
$4,818,075 |
| 9 |
$8,650,582 |
$3,161,046
$432,529 |
$5,057,007 |
| 10 |
$9,083,150 |
$3,321,096
$454,158 |
$5,307,896 |
| 11 |
$9,537,113 |
$3,489,062
$476,856 |
$5,571,195 |
| 12 |
$10,014,027 |
$3,665,520
$500,701 |
$5,847,806 |
| 13 |
$10,514,670 |
$3,850,758
$525,734 |
$6,138,178 |
| 14 |
$11,040,598 |
$4,045,352
$552,030 |
$6,443,216 |
| 15 |
$11,592,589 |
$4,249,588
$579,629 |
$6,763,372 |
| 16 |
$12,172,199 |
$4,464,044
$608,610 |
$7,099,545 |
| 17 |
$12,780,595 |
$4,689,151
$639,030 |
$7,452,414 |
| 18 |
$13,419,722 |
$4,925,628
$670,986 |
$7,823,108 |
| 19 |
$14,090,747 |
$5,173,907
$704,537 |
$8,212,303 |
| 20 |
$14,795,226 |
$5,434,564
$739,761 |
$8,620,901 |
| 21 |
$15,535,104 |
$5,708,319
$776,755 |
$9,050,030 |
| 22 |
$16,311,937 |
$5,995,747
$815,597 |
$9,500,593 |
| 23 |
$17,127,281 |
$6,297,424
$856,364 |
$9,973,493 |
| 24 |
$17,983,859 |
$6,614,358
$899,193 |
$10,470,308 |
| 25 |
$18,882,838 |
$6,946,980
$944,142 |
$10,991,716 |
| 26 |
$19,827,330 |
$7,296,442
$991,367 |
$11,539,521 |
| 27 |
$20,818,502 |
$7,663,176
$1,040,925 |
$12,114,401 |
| 28 |
$21,859,466 |
$8,048,333
$1,092,973 |
$12,718,160 |
| 29 |
$22,952,556 |
$8,452,776
$1,147,628 |
$13,352,152 |
| 30 |
$24,100,106 |
$8,877,370
$1,205,005 |
$14,017,731 |
|
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