The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(5%) | $3,165,000 | | Net Lumpsum Payment | $36,753,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$109,872 |
$1,314,189 |
| 2 |
$2,307,384 |
$814,062
$115,369 |
$1,377,953 |
| 3 |
$2,422,724 |
$856,738
$121,136 |
$1,444,850 |
| 4 |
$2,543,904 |
$901,575
$127,195 |
$1,515,134 |
| 5 |
$2,671,070 |
$948,626
$133,554 |
$1,588,890 |
| 6 |
$2,804,660 |
$998,055
$140,233 |
$1,666,372 |
| 7 |
$2,944,820 |
$1,049,914
$147,241 |
$1,747,665 |
| 8 |
$3,092,134 |
$1,104,420
$154,607 |
$1,833,107 |
| 9 |
$3,246,748 |
$1,161,627
$162,337 |
$1,922,784 |
| 10 |
$3,409,100 |
$1,221,697
$170,455 |
$2,016,948 |
| 11 |
$3,579,482 |
$1,284,739
$178,974 |
$2,115,769 |
| 12 |
$3,758,478 |
$1,350,967
$187,924 |
$2,219,587 |
| 13 |
$3,946,380 |
$1,420,491
$197,319 |
$2,328,570 |
| 14 |
$4,143,772 |
$1,493,526
$207,189 |
$2,443,057 |
| 15 |
$4,350,946 |
$1,570,180
$217,547 |
$2,563,219 |
| 16 |
$4,568,486 |
$1,650,670
$228,424 |
$2,689,392 |
| 17 |
$4,796,830 |
$1,735,157
$239,842 |
$2,821,831 |
| 18 |
$5,036,708 |
$1,823,912
$251,835 |
$2,960,961 |
| 19 |
$5,288,558 |
$1,917,097
$264,428 |
$3,107,033 |
| 20 |
$5,552,964 |
$2,014,927
$277,648 |
$3,260,389 |
| 21 |
$5,830,656 |
$2,117,673
$291,533 |
$3,421,450 |
| 22 |
$6,122,218 |
$2,225,551
$306,111 |
$3,590,556 |
| 23 |
$6,428,234 |
$2,338,777
$321,412 |
$3,768,045 |
| 24 |
$6,749,726 |
$2,457,729
$337,486 |
$3,954,511 |
| 25 |
$7,087,132 |
$2,582,569
$354,357 |
$4,150,206 |
| 26 |
$7,441,620 |
$2,713,730
$372,081 |
$4,355,809 |
| 27 |
$7,813,628 |
$2,851,373
$390,681 |
$4,571,574 |
| 28 |
$8,204,324 |
$2,995,930
$410,216 |
$4,798,178 |
| 29 |
$8,614,584 |
$3,147,726
$430,729 |
$5,036,129 |
| 30 |
$9,045,284 |
$3,307,085
$452,264 |
$5,285,935 |
|
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