The jackpot for the Powerball draw on Mon Sep 15, 2025, is projected to be $64 Million, with an option for a cash payout of $30 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 Sep 15, 2025 |
|---|
| Draw Date | Mon Sep 15, 2025 | | Projected Jackpot | $64,000,000 | | Cash Value | $30,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $30,000,000 | | Federal Tax(24%) | $7,200,000 | | Additional Federal Tax | $3,860,330 | | State Tax(5%) | $1,500,000 | | Net Lumpsum Payment | $17,439,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$963,264 |
$316,738
$48,163 |
$598,363 |
| 2 |
$1,011,456 |
$334,569
$50,573 |
$626,314 |
| 3 |
$1,062,016 |
$353,276
$53,101 |
$655,639 |
| 4 |
$1,115,136 |
$372,931
$55,757 |
$686,448 |
| 5 |
$1,170,880 |
$393,556
$58,544 |
$718,780 |
| 6 |
$1,229,440 |
$415,223
$61,472 |
$752,745 |
| 7 |
$1,290,880 |
$437,956
$64,544 |
$788,380 |
| 8 |
$1,355,456 |
$461,849
$67,773 |
$825,834 |
| 9 |
$1,423,232 |
$486,926
$71,162 |
$865,144 |
| 10 |
$1,494,400 |
$513,258
$74,720 |
$906,422 |
| 11 |
$1,569,088 |
$540,893
$78,454 |
$949,741 |
| 12 |
$1,647,552 |
$569,925
$82,378 |
$995,249 |
| 13 |
$1,729,920 |
$600,401
$86,496 |
$1,043,023 |
| 14 |
$1,816,448 |
$632,416
$90,822 |
$1,093,210 |
| 15 |
$1,907,264 |
$666,018
$95,363 |
$1,145,883 |
| 16 |
$2,002,624 |
$701,301
$100,131 |
$1,201,192 |
| 17 |
$2,102,720 |
$738,337
$105,136 |
$1,259,247 |
| 18 |
$2,207,872 |
$777,243
$110,394 |
$1,320,235 |
| 19 |
$2,318,272 |
$818,091
$115,914 |
$1,384,267 |
| 20 |
$2,434,176 |
$860,976
$121,709 |
$1,451,491 |
| 21 |
$2,555,904 |
$906,015
$127,795 |
$1,522,094 |
| 22 |
$2,683,712 |
$953,304
$134,186 |
$1,596,222 |
| 23 |
$2,817,856 |
$1,002,937
$140,893 |
$1,674,026 |
| 24 |
$2,958,784 |
$1,055,080
$147,939 |
$1,755,765 |
| 25 |
$3,106,688 |
$1,109,805
$155,334 |
$1,841,549 |
| 26 |
$3,262,080 |
$1,167,300
$163,104 |
$1,931,676 |
| 27 |
$3,425,152 |
$1,227,637
$171,258 |
$2,026,257 |
| 28 |
$3,596,416 |
$1,291,004
$179,821 |
$2,125,591 |
| 29 |
$3,776,256 |
$1,357,545
$188,813 |
$2,229,898 |
| 30 |
$3,965,056 |
$1,427,401
$198,253 |
$2,339,402 |
|
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