The jackpot for the Powerball draw on Wed Jun 10, 2026, is projected to be $238 Million, with an option for a cash payout of $106.1 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 Jun 10, 2026 |
|---|
| Draw Date | Wed Jun 10, 2026 | | Projected Jackpot | $238,000,000 | | Cash Value | $106,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,100,000 | | Federal Tax(24%) | $25,464,000 | | Additional Federal Tax | $13,753,330 | | State Tax(5%) | $5,305,000 | | Net Lumpsum Payment | $61,577,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,582,138 |
$1,285,721
$179,107 |
$2,117,310 |
| 2 |
$3,761,352 |
$1,352,031
$188,068 |
$2,221,253 |
| 3 |
$3,949,372 |
$1,421,598
$197,469 |
$2,330,305 |
| 4 |
$4,146,912 |
$1,494,688
$207,346 |
$2,444,878 |
| 5 |
$4,354,210 |
$1,571,388
$217,711 |
$2,565,111 |
| 6 |
$4,571,980 |
$1,651,963
$228,599 |
$2,691,418 |
| 7 |
$4,800,460 |
$1,736,501
$240,023 |
$2,823,936 |
| 8 |
$5,040,602 |
$1,825,353
$252,030 |
$2,963,219 |
| 9 |
$5,292,644 |
$1,918,609
$264,632 |
$3,109,403 |
| 10 |
$5,557,300 |
$2,016,531
$277,865 |
$3,262,904 |
| 11 |
$5,835,046 |
$2,119,297
$291,752 |
$3,423,997 |
| 12 |
$6,126,834 |
$2,227,259
$306,342 |
$3,593,233 |
| 13 |
$6,433,140 |
$2,340,592
$321,657 |
$3,770,891 |
| 14 |
$6,754,916 |
$2,459,649
$337,746 |
$3,957,521 |
| 15 |
$7,092,638 |
$2,584,606
$354,632 |
$4,153,400 |
| 16 |
$7,447,258 |
$2,715,816
$372,363 |
$4,359,079 |
| 17 |
$7,819,490 |
$2,853,542
$390,975 |
$4,574,973 |
| 18 |
$8,210,524 |
$2,998,224
$410,526 |
$4,801,774 |
| 19 |
$8,621,074 |
$3,150,128
$431,054 |
$5,039,892 |
| 20 |
$9,052,092 |
$3,309,604
$452,605 |
$5,289,883 |
| 21 |
$9,504,768 |
$3,477,095
$475,238 |
$5,552,435 |
| 22 |
$9,980,054 |
$3,652,950
$499,003 |
$5,828,101 |
| 23 |
$10,478,902 |
$3,837,524
$523,945 |
$6,117,433 |
| 24 |
$11,002,978 |
$4,031,432
$550,149 |
$6,421,397 |
| 25 |
$11,552,996 |
$4,234,939
$577,650 |
$6,740,407 |
| 26 |
$12,130,860 |
$4,448,749
$606,543 |
$7,075,568 |
| 27 |
$12,737,284 |
$4,673,125
$636,864 |
$7,427,295 |
| 28 |
$13,374,172 |
$4,908,774
$668,709 |
$7,796,689 |
| 29 |
$14,042,952 |
$5,156,223
$702,148 |
$8,184,581 |
| 30 |
$14,745,052 |
$5,416,000
$737,253 |
$8,591,799 |
|
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