The jackpot for the Powerball draw on Sat Jan 17, 2026, is projected to be $179 Million, with an option for a cash payout of $80.8 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 Sat Jan 17, 2026 |
|---|
| Draw Date | Sat Jan 17, 2026 | | Projected Jackpot | $179,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(5%) | $4,040,000 | | Net Lumpsum Payment | $46,903,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,694,129 |
$957,158
$134,706 |
$1,602,265 |
| 2 |
$2,828,916 |
$1,007,029
$141,446 |
$1,680,441 |
| 3 |
$2,970,326 |
$1,059,351
$148,516 |
$1,762,459 |
| 4 |
$3,118,896 |
$1,114,322
$155,945 |
$1,848,629 |
| 5 |
$3,274,805 |
$1,172,008
$163,740 |
$1,939,057 |
| 6 |
$3,438,590 |
$1,232,609
$171,930 |
$2,034,051 |
| 7 |
$3,610,430 |
$1,296,189
$180,522 |
$2,133,719 |
| 8 |
$3,791,041 |
$1,363,016
$189,552 |
$2,238,473 |
| 9 |
$3,980,602 |
$1,433,153
$199,030 |
$2,348,419 |
| 10 |
$4,179,650 |
$1,506,801
$208,983 |
$2,463,866 |
| 11 |
$4,388,543 |
$1,584,091
$219,427 |
$2,585,025 |
| 12 |
$4,607,997 |
$1,665,289
$230,400 |
$2,712,308 |
| 13 |
$4,838,370 |
$1,750,527
$241,919 |
$2,845,924 |
| 14 |
$5,080,378 |
$1,840,070
$254,019 |
$2,986,289 |
| 15 |
$5,334,379 |
$1,934,051
$266,719 |
$3,133,609 |
| 16 |
$5,601,089 |
$2,032,733
$280,054 |
$3,288,302 |
| 17 |
$5,881,045 |
$2,136,317
$294,052 |
$3,450,676 |
| 18 |
$6,175,142 |
$2,245,133
$308,757 |
$3,621,252 |
| 19 |
$6,483,917 |
$2,359,380
$324,196 |
$3,800,341 |
| 20 |
$6,808,086 |
$2,479,322
$340,404 |
$3,988,360 |
| 21 |
$7,148,544 |
$2,605,292
$357,427 |
$4,185,825 |
| 22 |
$7,506,007 |
$2,737,553
$375,300 |
$4,393,154 |
| 23 |
$7,881,191 |
$2,876,371
$394,060 |
$4,610,760 |
| 24 |
$8,275,349 |
$3,022,210
$413,767 |
$4,839,372 |
| 25 |
$8,689,018 |
$3,175,267
$434,451 |
$5,079,300 |
| 26 |
$9,123,630 |
$3,336,073
$456,182 |
$5,331,375 |
| 27 |
$9,579,722 |
$3,504,828
$478,986 |
$5,595,908 |
| 28 |
$10,058,726 |
$3,682,059
$502,936 |
$5,873,731 |
| 29 |
$10,561,716 |
$3,868,165
$528,086 |
$6,165,465 |
| 30 |
$11,089,766 |
$4,063,544
$554,488 |
$6,471,734 |
|
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