The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(5%) | $8,965,000 | | Net Lumpsum Payment | $104,033,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$282,959 |
$3,321,991 |
| 2 |
$5,942,304 |
$2,158,983
$297,115 |
$3,486,206 |
| 3 |
$6,239,344 |
$2,268,888
$311,967 |
$3,658,489 |
| 4 |
$6,551,424 |
$2,384,357
$327,571 |
$3,839,496 |
| 5 |
$6,878,920 |
$2,505,531
$343,946 |
$4,029,443 |
| 6 |
$7,222,960 |
$2,632,826
$361,148 |
$4,228,986 |
| 7 |
$7,583,920 |
$2,766,381
$379,196 |
$4,438,343 |
| 8 |
$7,963,304 |
$2,906,753
$398,165 |
$4,658,386 |
| 9 |
$8,361,488 |
$3,054,081
$418,074 |
$4,889,333 |
| 10 |
$8,779,600 |
$3,208,782
$438,980 |
$5,131,838 |
| 11 |
$9,218,392 |
$3,371,135
$460,920 |
$5,386,337 |
| 12 |
$9,679,368 |
$3,541,697
$483,968 |
$5,653,703 |
| 13 |
$10,163,280 |
$3,720,744
$508,164 |
$5,934,372 |
| 14 |
$10,671,632 |
$3,908,834
$533,582 |
$6,229,216 |
| 15 |
$11,205,176 |
$4,106,246
$560,259 |
$6,538,671 |
| 16 |
$11,765,416 |
$4,313,534
$588,271 |
$6,863,611 |
| 17 |
$12,353,480 |
$4,531,118
$617,674 |
$7,204,688 |
| 18 |
$12,971,248 |
$4,759,692
$648,562 |
$7,562,994 |
| 19 |
$13,619,848 |
$4,999,674
$680,992 |
$7,939,182 |
| 20 |
$14,300,784 |
$5,251,620
$715,039 |
$8,334,125 |
| 21 |
$15,015,936 |
$5,516,227
$750,797 |
$8,748,912 |
| 22 |
$15,766,808 |
$5,794,049
$788,340 |
$9,184,419 |
| 23 |
$16,554,904 |
$6,085,645
$827,745 |
$9,641,514 |
| 24 |
$17,382,856 |
$6,391,987
$869,143 |
$10,121,726 |
| 25 |
$18,251,792 |
$6,713,493
$912,590 |
$10,625,709 |
| 26 |
$19,164,720 |
$7,051,277
$958,236 |
$11,155,207 |
| 27 |
$20,122,768 |
$7,405,755
$1,006,138 |
$11,710,875 |
| 28 |
$21,128,944 |
$7,778,040
$1,056,447 |
$12,294,457 |
| 29 |
$22,185,504 |
$8,168,967
$1,109,275 |
$12,907,262 |
| 30 |
$23,294,704 |
$8,579,371
$1,164,735 |
$13,550,598 |
|
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