The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Maine residents, the state will deduct 5% from your lottery earnings.
Maine Powerball Jackpot/Cash Option for Wed Oct 15, 2025 |
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Draw Date | Wed Oct 15, 2025 | Projected Jackpot | $273,000,000 | Cash Value | $127,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $127,800,000 | Federal Tax(24%) | $30,672,000 | Additional Federal Tax | $16,574,330 | State Tax(5%) | $6,390,000 | Net Lumpsum Payment | $74,163,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,108,923 |
$1,480,632 $205,446 |
$2,422,845 |
2 |
$4,314,492 |
$1,556,692 $215,725 |
$2,542,075 |
3 |
$4,530,162 |
$1,636,490 $226,508 |
$2,667,164 |
4 |
$4,756,752 |
$1,720,329 $237,838 |
$2,798,585 |
5 |
$4,994,535 |
$1,808,308 $249,727 |
$2,936,500 |
6 |
$5,244,330 |
$1,900,732 $262,217 |
$3,081,381 |
7 |
$5,506,410 |
$1,997,702 $275,321 |
$3,233,387 |
8 |
$5,781,867 |
$2,099,621 $289,093 |
$3,393,153 |
9 |
$6,070,974 |
$2,206,591 $303,549 |
$3,560,834 |
10 |
$6,374,550 |
$2,318,914 $318,728 |
$3,736,908 |
11 |
$6,693,141 |
$2,436,793 $334,657 |
$3,921,691 |
12 |
$7,027,839 |
$2,560,631 $351,392 |
$4,115,816 |
13 |
$7,379,190 |
$2,690,631 $368,960 |
$4,319,599 |
14 |
$7,748,286 |
$2,827,196 $387,414 |
$4,533,676 |
15 |
$8,135,673 |
$2,970,529 $406,784 |
$4,758,360 |
16 |
$8,542,443 |
$3,121,034 $427,122 |
$4,994,287 |
17 |
$8,969,415 |
$3,279,014 $448,471 |
$5,241,930 |
18 |
$9,417,954 |
$3,444,973 $470,898 |
$5,502,083 |
19 |
$9,888,879 |
$3,619,216 $494,444 |
$5,775,219 |
20 |
$10,383,282 |
$3,802,145 $519,164 |
$6,061,973 |
21 |
$10,902,528 |
$3,994,266 $545,126 |
$6,363,136 |
22 |
$11,447,709 |
$4,195,983 $572,385 |
$6,679,341 |
23 |
$12,019,917 |
$4,407,700 $600,996 |
$7,011,221 |
24 |
$12,621,063 |
$4,630,124 $631,053 |
$7,359,886 |
25 |
$13,251,966 |
$4,863,558 $662,598 |
$7,725,810 |
26 |
$13,914,810 |
$5,108,810 $695,741 |
$8,110,259 |
27 |
$14,610,414 |
$5,366,184 $730,521 |
$8,513,709 |
28 |
$15,340,962 |
$5,636,486 $767,048 |
$8,937,428 |
29 |
$16,108,092 |
$5,920,324 $805,405 |
$9,382,363 |
30 |
$16,913,442 |
$6,218,304 $845,672 |
$9,849,466 |
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