The jackpot for the Powerball draw on Wed Jul 23, 2025, is projected to be $325 Million, with an option for a cash payout of $145.3 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 23, 2025 |
|---|
| Draw Date | Wed Jul 23, 2025 | | Projected Jackpot | $325,000,000 | | Cash Value | $145,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,300,000 | | Federal Tax(24%) | $34,872,000 | | Additional Federal Tax | $18,849,330 | | State Tax(5%) | $7,265,000 | | Net Lumpsum Payment | $84,313,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,891,575 |
$1,770,213
$244,579 |
$2,876,783 |
| 2 |
$5,136,300 |
$1,860,761
$256,815 |
$3,018,724 |
| 3 |
$5,393,050 |
$1,955,759
$269,653 |
$3,167,638 |
| 4 |
$5,662,800 |
$2,055,566
$283,140 |
$3,324,094 |
| 5 |
$5,945,875 |
$2,160,304
$297,294 |
$3,488,277 |
| 6 |
$6,243,250 |
$2,270,333
$312,163 |
$3,660,754 |
| 7 |
$6,555,250 |
$2,385,773
$327,763 |
$3,841,714 |
| 8 |
$6,883,175 |
$2,507,105
$344,159 |
$4,031,911 |
| 9 |
$7,227,350 |
$2,634,450
$361,368 |
$4,231,532 |
| 10 |
$7,588,750 |
$2,768,168
$379,438 |
$4,441,144 |
| 11 |
$7,968,025 |
$2,908,500
$398,401 |
$4,661,124 |
| 12 |
$8,366,475 |
$3,055,926
$418,324 |
$4,892,225 |
| 13 |
$8,784,750 |
$3,210,688
$439,238 |
$5,134,824 |
| 14 |
$9,224,150 |
$3,373,266
$461,208 |
$5,389,676 |
| 15 |
$9,685,325 |
$3,543,901
$484,266 |
$5,657,158 |
| 16 |
$10,169,575 |
$3,723,073
$508,479 |
$5,938,023 |
| 17 |
$10,677,875 |
$3,911,144
$533,894 |
$6,232,837 |
| 18 |
$11,211,850 |
$4,108,715
$560,593 |
$6,542,542 |
| 19 |
$11,772,475 |
$4,316,146
$588,624 |
$6,867,705 |
| 20 |
$12,361,050 |
$4,533,919
$618,053 |
$7,209,078 |
| 21 |
$12,979,200 |
$4,762,634
$648,960 |
$7,567,606 |
| 22 |
$13,628,225 |
$5,002,774
$681,411 |
$7,944,040 |
| 23 |
$14,309,425 |
$5,254,818
$715,471 |
$8,339,136 |
| 24 |
$15,025,075 |
$5,519,608
$751,254 |
$8,754,213 |
| 25 |
$15,776,150 |
$5,797,506
$788,808 |
$9,189,836 |
| 26 |
$16,565,250 |
$6,089,473
$828,263 |
$9,647,514 |
| 27 |
$17,393,350 |
$6,395,870
$869,668 |
$10,127,812 |
| 28 |
$18,263,050 |
$6,717,659
$913,153 |
$10,632,238 |
| 29 |
$19,176,300 |
$7,055,561
$958,815 |
$11,161,924 |
| 30 |
$20,135,050 |
$7,410,299
$1,006,753 |
$11,717,998 |
|
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