The jackpot for the Powerball draw on Wed Apr 29, 2026, is projected to be $143 Million, with an option for a cash payout of $65 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 29, 2026 |
|---|
| Draw Date | Wed Apr 29, 2026 | | Projected Jackpot | $143,000,000 | | Cash Value | $65,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,000,000 | | Federal Tax(24%) | $15,600,000 | | Additional Federal Tax | $8,410,330 | | State Tax(5%) | $3,250,000 | | Net Lumpsum Payment | $37,739,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,152,293 |
$756,679
$107,615 |
$1,287,999 |
| 2 |
$2,259,972 |
$796,520
$112,999 |
$1,350,453 |
| 3 |
$2,372,942 |
$838,319
$118,647 |
$1,415,976 |
| 4 |
$2,491,632 |
$882,234
$124,582 |
$1,484,816 |
| 5 |
$2,616,185 |
$928,319
$130,809 |
$1,557,057 |
| 6 |
$2,747,030 |
$976,731
$137,352 |
$1,632,947 |
| 7 |
$2,884,310 |
$1,027,525
$144,216 |
$1,712,569 |
| 8 |
$3,028,597 |
$1,080,911
$151,430 |
$1,796,256 |
| 9 |
$3,180,034 |
$1,136,943
$159,002 |
$1,884,089 |
| 10 |
$3,339,050 |
$1,195,779
$166,953 |
$1,976,318 |
| 11 |
$3,505,931 |
$1,257,525
$175,297 |
$2,073,109 |
| 12 |
$3,681,249 |
$1,322,393
$184,062 |
$2,174,794 |
| 13 |
$3,865,290 |
$1,390,488
$193,265 |
$2,281,537 |
| 14 |
$4,058,626 |
$1,462,022
$202,931 |
$2,393,673 |
| 15 |
$4,261,543 |
$1,537,101
$213,077 |
$2,511,365 |
| 16 |
$4,474,613 |
$1,615,937
$223,731 |
$2,634,945 |
| 17 |
$4,698,265 |
$1,698,688
$234,913 |
$2,764,664 |
| 18 |
$4,933,214 |
$1,785,620
$246,661 |
$2,900,933 |
| 19 |
$5,179,889 |
$1,876,889
$258,994 |
$3,044,006 |
| 20 |
$5,438,862 |
$1,972,709
$271,943 |
$3,194,210 |
| 21 |
$5,710,848 |
$2,073,344
$285,542 |
$3,351,962 |
| 22 |
$5,996,419 |
$2,179,005
$299,821 |
$3,517,593 |
| 23 |
$6,296,147 |
$2,289,905
$314,807 |
$3,691,435 |
| 24 |
$6,611,033 |
$2,406,413
$330,552 |
$3,874,068 |
| 25 |
$6,941,506 |
$2,528,688
$347,075 |
$4,065,743 |
| 26 |
$7,288,710 |
$2,657,153
$364,436 |
$4,267,121 |
| 27 |
$7,653,074 |
$2,791,968
$382,654 |
$4,478,452 |
| 28 |
$8,035,742 |
$2,933,555
$401,787 |
$4,700,400 |
| 29 |
$8,437,572 |
$3,082,232
$421,879 |
$4,933,461 |
| 30 |
$8,859,422 |
$3,238,317
$442,971 |
$5,178,134 |
|
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