Jackpot Analysis Maine Powerball

Jackpot Analysis for Maine Powerball
The jackpot for the Powerball draw on Sat Jun 21, 2025, is projected to be $118 Million, with an option for a cash payout of $53.4 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 Jun 21, 2025
Draw DateSat Jun 21, 2025
Projected Jackpot$118,000,000
Cash Value$53,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$53,400,000
Federal Tax(24%)$12,816,000
Additional Federal Tax$6,902,330
State Tax(5%)$2,670,000
Net Lumpsum Payment$31,011,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,776,018 $617,457
$88,801
$1,069,760
2 $1,864,872 $650,333
$93,244
$1,121,295
3 $1,958,092 $684,824
$97,905
$1,175,363
4 $2,056,032 $721,062
$102,802
$1,232,168
5 $2,158,810 $759,090
$107,941
$1,291,779
6 $2,266,780 $799,039
$113,339
$1,354,402
7 $2,380,060 $840,953
$119,003
$1,420,104
8 $2,499,122 $885,006
$124,956
$1,489,160
9 $2,624,084 $931,241
$131,204
$1,561,639
10 $2,755,300 $979,791
$137,765
$1,637,744
11 $2,893,006 $1,030,743
$144,650
$1,717,613
12 $3,037,674 $1,084,270
$151,884
$1,801,520
13 $3,189,540 $1,140,460
$159,477
$1,889,603
14 $3,349,076 $1,199,489
$167,454
$1,982,133
15 $3,516,518 $1,261,442
$175,826
$2,079,250
16 $3,692,338 $1,326,495
$184,617
$2,181,226
17 $3,876,890 $1,394,780
$193,845
$2,288,265
18 $4,070,764 $1,466,513
$203,538
$2,400,713
19 $4,274,314 $1,541,827
$213,716
$2,518,771
20 $4,488,012 $1,620,895
$224,401
$2,642,716
21 $4,712,448 $1,703,936
$235,622
$2,772,890
22 $4,948,094 $1,791,125
$247,405
$2,909,564
23 $5,195,422 $1,882,637
$259,771
$3,053,014
24 $5,455,258 $1,978,776
$272,763
$3,203,719
25 $5,727,956 $2,079,674
$286,398
$3,361,884
26 $6,014,460 $2,185,681
$300,723
$3,528,056
27 $6,315,124 $2,296,926
$315,756
$3,702,442
28 $6,630,892 $2,413,760
$331,545
$3,885,587
29 $6,962,472 $2,536,445
$348,124
$4,077,903
30 $7,310,572 $2,665,242
$365,529
$4,279,801