The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(5%) | $4,355,000 | | Net Lumpsum Payment | $50,557,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$145,995 |
$1,733,208 |
| 2 |
$3,065,976 |
$1,094,742
$153,299 |
$1,817,935 |
| 3 |
$3,219,236 |
$1,151,448
$160,962 |
$1,906,826 |
| 4 |
$3,380,256 |
$1,211,025
$169,013 |
$2,000,218 |
| 5 |
$3,549,230 |
$1,273,545
$177,462 |
$2,098,223 |
| 6 |
$3,726,740 |
$1,339,224
$186,337 |
$2,201,179 |
| 7 |
$3,912,980 |
$1,408,133
$195,649 |
$2,309,198 |
| 8 |
$4,108,726 |
$1,480,559
$205,436 |
$2,422,731 |
| 9 |
$4,314,172 |
$1,556,574
$215,709 |
$2,541,889 |
| 10 |
$4,529,900 |
$1,636,393
$226,495 |
$2,667,012 |
| 11 |
$4,756,298 |
$1,720,161
$237,815 |
$2,798,322 |
| 12 |
$4,994,142 |
$1,808,163
$249,707 |
$2,936,272 |
| 13 |
$5,243,820 |
$1,900,544
$262,191 |
$3,081,085 |
| 14 |
$5,506,108 |
$1,997,590
$275,305 |
$3,233,213 |
| 15 |
$5,781,394 |
$2,099,446
$289,070 |
$3,392,878 |
| 16 |
$6,070,454 |
$2,206,398
$303,523 |
$3,560,533 |
| 17 |
$6,373,870 |
$2,318,662
$318,694 |
$3,736,514 |
| 18 |
$6,692,612 |
$2,436,597
$334,631 |
$3,921,384 |
| 19 |
$7,027,262 |
$2,560,417
$351,363 |
$4,115,482 |
| 20 |
$7,378,596 |
$2,690,411
$368,930 |
$4,319,255 |
| 21 |
$7,747,584 |
$2,826,936
$387,379 |
$4,533,269 |
| 22 |
$8,135,002 |
$2,970,281
$406,750 |
$4,757,971 |
| 23 |
$8,541,626 |
$3,120,732
$427,081 |
$4,993,813 |
| 24 |
$8,968,814 |
$3,278,792
$448,441 |
$5,241,581 |
| 25 |
$9,417,148 |
$3,444,675
$470,857 |
$5,501,616 |
| 26 |
$9,888,180 |
$3,618,957
$494,409 |
$5,774,814 |
| 27 |
$10,382,492 |
$3,801,852
$519,125 |
$6,061,515 |
| 28 |
$10,901,636 |
$3,993,936
$545,082 |
$6,362,618 |
| 29 |
$11,446,776 |
$4,195,638
$572,339 |
$6,678,799 |
| 30 |
$12,019,076 |
$4,407,389
$600,954 |
$7,010,733 |
|
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