The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Sat Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(5%) | $2,800,000 | | Net Lumpsum Payment | $32,519,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$93,316 |
$1,122,138 |
| 2 |
$1,959,696 |
$685,418
$97,985 |
$1,176,293 |
| 3 |
$2,057,656 |
$721,663
$102,883 |
$1,233,110 |
| 4 |
$2,160,576 |
$759,744
$108,029 |
$1,292,803 |
| 5 |
$2,268,580 |
$799,705
$113,429 |
$1,355,446 |
| 6 |
$2,382,040 |
$841,685
$119,102 |
$1,421,253 |
| 7 |
$2,501,080 |
$885,730
$125,054 |
$1,490,296 |
| 8 |
$2,626,196 |
$932,023
$131,310 |
$1,562,863 |
| 9 |
$2,757,512 |
$980,610
$137,876 |
$1,639,026 |
| 10 |
$2,895,400 |
$1,031,628
$144,770 |
$1,719,002 |
| 11 |
$3,040,108 |
$1,085,170
$152,005 |
$1,802,933 |
| 12 |
$3,192,132 |
$1,141,419
$159,607 |
$1,891,106 |
| 13 |
$3,351,720 |
$1,200,467
$167,586 |
$1,983,667 |
| 14 |
$3,519,368 |
$1,262,497
$175,968 |
$2,080,903 |
| 15 |
$3,695,324 |
$1,327,600
$184,766 |
$2,182,958 |
| 16 |
$3,880,084 |
$1,395,961
$194,004 |
$2,290,119 |
| 17 |
$4,074,020 |
$1,467,718
$203,701 |
$2,402,601 |
| 18 |
$4,277,752 |
$1,543,099
$213,888 |
$2,520,765 |
| 19 |
$4,491,652 |
$1,622,242
$224,583 |
$2,644,827 |
| 20 |
$4,716,216 |
$1,705,330
$235,811 |
$2,775,075 |
| 21 |
$4,952,064 |
$1,792,594
$247,603 |
$2,911,867 |
| 22 |
$5,199,692 |
$1,884,216
$259,985 |
$3,055,491 |
| 23 |
$5,459,596 |
$1,980,381
$272,980 |
$3,206,235 |
| 24 |
$5,732,644 |
$2,081,409
$286,632 |
$3,364,603 |
| 25 |
$6,019,208 |
$2,187,437
$300,960 |
$3,530,811 |
| 26 |
$6,320,280 |
$2,298,834
$316,014 |
$3,705,432 |
| 27 |
$6,636,232 |
$2,415,736
$331,812 |
$3,888,684 |
| 28 |
$6,968,056 |
$2,538,511
$348,403 |
$4,081,142 |
| 29 |
$7,316,496 |
$2,667,434
$365,825 |
$4,283,237 |
| 30 |
$7,682,296 |
$2,802,780
$384,115 |
$4,495,401 |
|
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