The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Sat Aug 2, 2025 |
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Draw Date | Sat Aug 2, 2025 | Projected Jackpot | $410,000,000 | Cash Value | $184,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $184,900,000 | Federal Tax(24%) | $44,376,000 | Additional Federal Tax | $23,997,330 | State Tax(5%) | $9,245,000 | Net Lumpsum Payment | $107,281,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$6,170,910 |
$2,243,567 $308,546 |
$3,618,797 |
2 |
$6,479,640 |
$2,357,797 $323,982 |
$3,797,861 |
3 |
$6,803,540 |
$2,477,640 $340,177 |
$3,985,723 |
4 |
$7,143,840 |
$2,603,551 $357,192 |
$4,183,097 |
5 |
$7,500,950 |
$2,735,682 $375,048 |
$4,390,220 |
6 |
$7,876,100 |
$2,874,487 $393,805 |
$4,607,808 |
7 |
$8,269,700 |
$3,020,119 $413,485 |
$4,836,096 |
8 |
$8,683,390 |
$3,173,185 $434,170 |
$5,076,035 |
9 |
$9,117,580 |
$3,333,835 $455,879 |
$5,327,866 |
10 |
$9,573,500 |
$3,502,525 $478,675 |
$5,592,300 |
11 |
$10,051,970 |
$3,679,559 $502,599 |
$5,869,812 |
12 |
$10,554,630 |
$3,865,543 $527,732 |
$6,161,355 |
13 |
$11,082,300 |
$4,060,781 $554,115 |
$6,467,404 |
14 |
$11,636,620 |
$4,265,880 $581,831 |
$6,788,909 |
15 |
$12,218,410 |
$4,481,142 $610,921 |
$7,126,347 |
16 |
$12,829,310 |
$4,707,175 $641,466 |
$7,480,669 |
17 |
$13,470,550 |
$4,944,434 $673,528 |
$7,852,588 |
18 |
$14,144,180 |
$5,193,677 $707,209 |
$8,243,294 |
19 |
$14,851,430 |
$5,455,359 $742,572 |
$8,653,499 |
20 |
$15,593,940 |
$5,730,088 $779,697 |
$9,084,155 |
21 |
$16,373,760 |
$6,018,622 $818,688 |
$9,536,450 |
22 |
$17,192,530 |
$6,321,566 $859,627 |
$10,011,337 |
23 |
$18,051,890 |
$6,639,530 $902,595 |
$10,509,765 |
24 |
$18,954,710 |
$6,973,573 $947,736 |
$11,033,401 |
25 |
$19,902,220 |
$7,324,152 $995,111 |
$11,582,957 |
26 |
$20,897,700 |
$7,692,479 $1,044,885 |
$12,160,336 |
27 |
$21,942,380 |
$8,079,011 $1,097,119 |
$12,766,250 |
28 |
$23,039,540 |
$8,484,960 $1,151,977 |
$13,402,603 |
29 |
$24,191,640 |
$8,911,237 $1,209,582 |
$14,070,821 |
30 |
$25,401,140 |
$9,358,752 $1,270,057 |
$14,772,331 |
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