The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine Powerball Jackpot/Cash Option for Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(5%) | $17,305,000 | | Net Lumpsum Payment | $200,777,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$556,887 |
$6,499,559 |
| 2 |
$11,694,960 |
$4,287,466
$584,748 |
$6,822,746 |
| 3 |
$12,279,560 |
$4,503,768
$613,978 |
$7,161,814 |
| 4 |
$12,893,760 |
$4,731,022
$644,688 |
$7,518,050 |
| 5 |
$13,538,300 |
$4,969,501
$676,915 |
$7,891,884 |
| 6 |
$14,215,400 |
$5,220,028
$710,770 |
$8,284,602 |
| 7 |
$14,925,800 |
$5,482,876
$746,290 |
$8,696,634 |
| 8 |
$15,672,460 |
$5,759,141
$783,623 |
$9,129,696 |
| 9 |
$16,456,120 |
$6,049,095
$822,806 |
$9,584,219 |
| 10 |
$17,279,000 |
$6,353,560
$863,950 |
$10,061,490 |
| 11 |
$18,142,580 |
$6,673,085
$907,129 |
$10,562,366 |
| 12 |
$19,049,820 |
$7,008,764
$952,491 |
$11,088,565 |
| 13 |
$20,002,200 |
$7,361,144
$1,000,110 |
$11,640,946 |
| 14 |
$21,002,680 |
$7,731,322
$1,050,134 |
$12,221,224 |
| 15 |
$22,052,740 |
$8,119,844
$1,102,637 |
$12,830,259 |
| 16 |
$23,155,340 |
$8,527,806
$1,157,767 |
$13,469,767 |
| 17 |
$24,312,700 |
$8,956,029
$1,215,635 |
$14,141,036 |
| 18 |
$25,528,520 |
$9,405,883
$1,276,426 |
$14,846,211 |
| 19 |
$26,805,020 |
$9,878,188
$1,340,251 |
$15,586,581 |
| 20 |
$28,145,160 |
$10,374,040
$1,407,258 |
$16,363,862 |
| 21 |
$29,552,640 |
$10,894,807
$1,477,632 |
$17,180,201 |
| 22 |
$31,030,420 |
$11,441,586
$1,551,521 |
$18,037,313 |
| 23 |
$32,581,460 |
$12,015,471
$1,629,073 |
$18,936,916 |
| 24 |
$34,210,940 |
$12,618,378
$1,710,547 |
$19,882,015 |
| 25 |
$35,921,080 |
$13,251,130
$1,796,054 |
$20,873,896 |
| 26 |
$37,717,800 |
$13,915,916
$1,885,890 |
$21,915,994 |
| 27 |
$39,603,320 |
$14,613,559
$1,980,166 |
$23,009,595 |
| 28 |
$41,583,560 |
$15,346,248
$2,079,178 |
$24,158,134 |
| 29 |
$43,662,960 |
$16,115,626
$2,183,148 |
$25,364,186 |
| 30 |
$45,845,960 |
$16,923,336
$2,292,298 |
$26,630,326 |
|
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