The jackpot for the Powerball draw on Mon Apr 21, 2025, is projected to be $139 Million, with an option for a cash payout of $63.8 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 Mon Apr 21, 2025 |
|---|
| Draw Date | Mon Apr 21, 2025 | | Projected Jackpot | $139,000,000 | | Cash Value | $63,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,800,000 | | Federal Tax(24%) | $15,312,000 | | Additional Federal Tax | $8,254,330 | | State Tax(5%) | $3,190,000 | | Net Lumpsum Payment | $37,043,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,092,089 |
$734,403
$104,604 |
$1,253,082 |
| 2 |
$2,196,756 |
$773,130
$109,838 |
$1,313,788 |
| 3 |
$2,306,566 |
$813,760
$115,328 |
$1,377,478 |
| 4 |
$2,421,936 |
$856,447
$121,097 |
$1,444,392 |
| 5 |
$2,543,005 |
$901,242
$127,150 |
$1,514,613 |
| 6 |
$2,670,190 |
$948,301
$133,510 |
$1,588,379 |
| 7 |
$2,803,630 |
$997,673
$140,182 |
$1,665,775 |
| 8 |
$2,943,881 |
$1,049,566
$147,194 |
$1,747,121 |
| 9 |
$3,091,082 |
$1,104,031
$154,554 |
$1,832,497 |
| 10 |
$3,245,650 |
$1,161,221
$162,283 |
$1,922,146 |
| 11 |
$3,407,863 |
$1,221,240
$170,393 |
$2,016,230 |
| 12 |
$3,578,277 |
$1,284,293
$178,914 |
$2,115,070 |
| 13 |
$3,757,170 |
$1,350,483
$187,859 |
$2,218,828 |
| 14 |
$3,945,098 |
$1,420,017
$197,255 |
$2,327,826 |
| 15 |
$4,142,339 |
$1,492,996
$207,117 |
$2,442,226 |
| 16 |
$4,349,449 |
$1,569,627
$217,472 |
$2,562,350 |
| 17 |
$4,566,845 |
$1,650,063
$228,342 |
$2,688,440 |
| 18 |
$4,795,222 |
$1,734,563
$239,761 |
$2,820,898 |
| 19 |
$5,034,997 |
$1,823,279
$251,750 |
$2,959,968 |
| 20 |
$5,286,726 |
$1,916,419
$264,336 |
$3,105,971 |
| 21 |
$5,551,104 |
$2,014,239
$277,555 |
$3,259,310 |
| 22 |
$5,828,687 |
$2,116,945
$291,434 |
$3,420,308 |
| 23 |
$6,120,031 |
$2,224,742
$306,002 |
$3,589,287 |
| 24 |
$6,426,109 |
$2,337,991
$321,305 |
$3,766,813 |
| 25 |
$6,747,338 |
$2,456,845
$337,367 |
$3,953,126 |
| 26 |
$7,084,830 |
$2,581,717
$354,242 |
$4,148,871 |
| 27 |
$7,439,002 |
$2,712,761
$371,950 |
$4,354,291 |
| 28 |
$7,810,966 |
$2,850,388
$390,548 |
$4,570,030 |
| 29 |
$8,201,556 |
$2,994,906
$410,078 |
$4,796,572 |
| 30 |
$8,611,606 |
$3,146,625
$430,580 |
$5,034,401 |
|
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