The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(5%) | $3,150,000 | | Net Lumpsum Payment | $36,579,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$105,357 |
$1,261,811 |
| 2 |
$2,212,560 |
$778,978
$110,628 |
$1,322,954 |
| 3 |
$2,323,160 |
$819,900
$116,158 |
$1,387,102 |
| 4 |
$2,439,360 |
$862,894
$121,968 |
$1,454,498 |
| 5 |
$2,561,300 |
$908,011
$128,065 |
$1,525,224 |
| 6 |
$2,689,400 |
$955,408
$134,470 |
$1,599,522 |
| 7 |
$2,823,800 |
$1,005,136
$141,190 |
$1,677,474 |
| 8 |
$2,965,060 |
$1,057,403
$148,253 |
$1,759,404 |
| 9 |
$3,113,320 |
$1,112,259
$155,666 |
$1,845,395 |
| 10 |
$3,269,000 |
$1,169,860
$163,450 |
$1,935,690 |
| 11 |
$3,432,380 |
$1,230,311
$171,619 |
$2,030,450 |
| 12 |
$3,604,020 |
$1,293,818
$180,201 |
$2,130,001 |
| 13 |
$3,784,200 |
$1,360,484
$189,210 |
$2,234,506 |
| 14 |
$3,973,480 |
$1,430,518
$198,674 |
$2,344,288 |
| 15 |
$4,172,140 |
$1,504,022
$208,607 |
$2,459,511 |
| 16 |
$4,380,740 |
$1,581,204
$219,037 |
$2,580,499 |
| 17 |
$4,599,700 |
$1,662,219
$229,985 |
$2,707,496 |
| 18 |
$4,829,720 |
$1,747,327
$241,486 |
$2,840,907 |
| 19 |
$5,071,220 |
$1,836,682
$253,561 |
$2,980,977 |
| 20 |
$5,324,760 |
$1,930,492
$266,238 |
$3,128,030 |
| 21 |
$5,591,040 |
$2,029,015
$279,552 |
$3,282,473 |
| 22 |
$5,870,620 |
$2,132,460
$293,531 |
$3,444,629 |
| 23 |
$6,164,060 |
$2,241,033
$308,203 |
$3,614,824 |
| 24 |
$6,472,340 |
$2,355,096
$323,617 |
$3,793,627 |
| 25 |
$6,795,880 |
$2,474,806
$339,794 |
$3,981,280 |
| 26 |
$7,135,800 |
$2,600,576
$356,790 |
$4,178,434 |
| 27 |
$7,492,520 |
$2,732,563
$374,626 |
$4,385,331 |
| 28 |
$7,867,160 |
$2,871,180
$393,358 |
$4,602,622 |
| 29 |
$8,260,560 |
$3,016,738
$413,028 |
$4,830,794 |
| 30 |
$8,673,560 |
$3,169,548
$433,678 |
$5,070,334 |
|
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