The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(5%) | $6,390,000 | | Net Lumpsum Payment | $74,163,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$205,446 |
$2,422,845 |
| 2 |
$4,314,492 |
$1,556,692
$215,725 |
$2,542,075 |
| 3 |
$4,530,162 |
$1,636,490
$226,508 |
$2,667,164 |
| 4 |
$4,756,752 |
$1,720,329
$237,838 |
$2,798,585 |
| 5 |
$4,994,535 |
$1,808,308
$249,727 |
$2,936,500 |
| 6 |
$5,244,330 |
$1,900,732
$262,217 |
$3,081,381 |
| 7 |
$5,506,410 |
$1,997,702
$275,321 |
$3,233,387 |
| 8 |
$5,781,867 |
$2,099,621
$289,093 |
$3,393,153 |
| 9 |
$6,070,974 |
$2,206,591
$303,549 |
$3,560,834 |
| 10 |
$6,374,550 |
$2,318,914
$318,728 |
$3,736,908 |
| 11 |
$6,693,141 |
$2,436,793
$334,657 |
$3,921,691 |
| 12 |
$7,027,839 |
$2,560,631
$351,392 |
$4,115,816 |
| 13 |
$7,379,190 |
$2,690,631
$368,960 |
$4,319,599 |
| 14 |
$7,748,286 |
$2,827,196
$387,414 |
$4,533,676 |
| 15 |
$8,135,673 |
$2,970,529
$406,784 |
$4,758,360 |
| 16 |
$8,542,443 |
$3,121,034
$427,122 |
$4,994,287 |
| 17 |
$8,969,415 |
$3,279,014
$448,471 |
$5,241,930 |
| 18 |
$9,417,954 |
$3,444,973
$470,898 |
$5,502,083 |
| 19 |
$9,888,879 |
$3,619,216
$494,444 |
$5,775,219 |
| 20 |
$10,383,282 |
$3,802,145
$519,164 |
$6,061,973 |
| 21 |
$10,902,528 |
$3,994,266
$545,126 |
$6,363,136 |
| 22 |
$11,447,709 |
$4,195,983
$572,385 |
$6,679,341 |
| 23 |
$12,019,917 |
$4,407,700
$600,996 |
$7,011,221 |
| 24 |
$12,621,063 |
$4,630,124
$631,053 |
$7,359,886 |
| 25 |
$13,251,966 |
$4,863,558
$662,598 |
$7,725,810 |
| 26 |
$13,914,810 |
$5,108,810
$695,741 |
$8,110,259 |
| 27 |
$14,610,414 |
$5,366,184
$730,521 |
$8,513,709 |
| 28 |
$15,340,962 |
$5,636,486
$767,048 |
$8,937,428 |
| 29 |
$16,108,092 |
$5,920,324
$805,405 |
$9,382,363 |
| 30 |
$16,913,442 |
$6,218,304
$845,672 |
$9,849,466 |
|
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