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 Date | Sat 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 |
|
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