The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(5%) | $3,985,000 | | Net Lumpsum Payment | $46,265,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$130,944 |
$1,558,616 |
| 2 |
$2,749,896 |
$977,792
$137,495 |
$1,634,609 |
| 3 |
$2,887,356 |
$1,028,652
$144,368 |
$1,714,336 |
| 4 |
$3,031,776 |
$1,082,088
$151,589 |
$1,798,099 |
| 5 |
$3,183,330 |
$1,138,162
$159,167 |
$1,886,001 |
| 6 |
$3,342,540 |
$1,197,070
$167,127 |
$1,978,343 |
| 7 |
$3,509,580 |
$1,258,875
$175,479 |
$2,075,226 |
| 8 |
$3,685,146 |
$1,323,834
$184,257 |
$2,177,055 |
| 9 |
$3,869,412 |
$1,392,013
$193,471 |
$2,283,928 |
| 10 |
$4,062,900 |
$1,463,603
$203,145 |
$2,396,152 |
| 11 |
$4,265,958 |
$1,538,735
$213,298 |
$2,513,925 |
| 12 |
$4,479,282 |
$1,617,665
$223,964 |
$2,637,653 |
| 13 |
$4,703,220 |
$1,700,522
$235,161 |
$2,767,537 |
| 14 |
$4,938,468 |
$1,787,564
$246,923 |
$2,903,981 |
| 15 |
$5,185,374 |
$1,878,919
$259,269 |
$3,047,186 |
| 16 |
$5,444,634 |
$1,974,845
$272,232 |
$3,197,557 |
| 17 |
$5,716,770 |
$2,075,535
$285,839 |
$3,355,396 |
| 18 |
$6,002,652 |
$2,181,312
$300,133 |
$3,521,207 |
| 19 |
$6,302,802 |
$2,292,367
$315,140 |
$3,695,295 |
| 20 |
$6,617,916 |
$2,408,959
$330,896 |
$3,878,061 |
| 21 |
$6,948,864 |
$2,531,410
$347,443 |
$4,070,011 |
| 22 |
$7,296,342 |
$2,659,977
$364,817 |
$4,271,548 |
| 23 |
$7,661,046 |
$2,794,917
$383,052 |
$4,483,077 |
| 24 |
$8,044,194 |
$2,936,682
$402,210 |
$4,705,302 |
| 25 |
$8,446,308 |
$3,085,464
$422,315 |
$4,938,529 |
| 26 |
$8,868,780 |
$3,241,779
$443,439 |
$5,183,562 |
| 27 |
$9,312,132 |
$3,405,819
$465,607 |
$5,440,706 |
| 28 |
$9,777,756 |
$3,578,100
$488,888 |
$5,710,768 |
| 29 |
$10,266,696 |
$3,759,008
$513,335 |
$5,994,353 |
| 30 |
$10,779,996 |
$3,948,929
$539,000 |
$6,292,067 |
|
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