The jackpot for the Powerball draw on Mon Mar 2, 2026, is projected to be $249 Million, with an option for a cash payout of $117.2 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 Mon Mar 2, 2026 |
|---|
| Draw Date | Mon Mar 2, 2026 | | Projected Jackpot | $249,000,000 | | Cash Value | $117,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $117,200,000 | | Federal Tax(24%) | $28,128,000 | | Additional Federal Tax | $15,196,330 | | State Tax(5%) | $5,860,000 | | Net Lumpsum Payment | $68,015,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,747,699 |
$1,346,979
$187,385 |
$2,213,335 |
| 2 |
$3,935,196 |
$1,416,353
$196,760 |
$2,322,083 |
| 3 |
$4,131,906 |
$1,489,136
$206,595 |
$2,436,175 |
| 4 |
$4,338,576 |
$1,565,604
$216,929 |
$2,556,043 |
| 5 |
$4,555,455 |
$1,645,849
$227,773 |
$2,681,833 |
| 6 |
$4,783,290 |
$1,730,148
$239,165 |
$2,813,977 |
| 7 |
$5,022,330 |
$1,818,592
$251,117 |
$2,952,621 |
| 8 |
$5,273,571 |
$1,911,552
$263,679 |
$3,098,340 |
| 9 |
$5,537,262 |
$2,009,117
$276,863 |
$3,251,282 |
| 10 |
$5,814,150 |
$2,111,566
$290,708 |
$3,411,876 |
| 11 |
$6,104,733 |
$2,219,082
$305,237 |
$3,580,414 |
| 12 |
$6,410,007 |
$2,332,033
$320,500 |
$3,757,474 |
| 13 |
$6,730,470 |
$2,450,604
$336,524 |
$3,943,342 |
| 14 |
$7,067,118 |
$2,575,164
$353,356 |
$4,138,598 |
| 15 |
$7,420,449 |
$2,705,897
$371,022 |
$4,343,530 |
| 16 |
$7,791,459 |
$2,843,170
$389,573 |
$4,558,716 |
| 17 |
$8,180,895 |
$2,987,262
$409,045 |
$4,784,588 |
| 18 |
$8,590,002 |
$3,138,631
$429,500 |
$5,021,871 |
| 19 |
$9,019,527 |
$3,297,555
$450,976 |
$5,270,996 |
| 20 |
$9,470,466 |
$3,464,403
$473,523 |
$5,532,540 |
| 21 |
$9,944,064 |
$3,639,634
$497,203 |
$5,807,227 |
| 22 |
$10,441,317 |
$3,823,618
$522,066 |
$6,095,633 |
| 23 |
$10,963,221 |
$4,016,722
$548,161 |
$6,398,338 |
| 24 |
$11,511,519 |
$4,219,592
$575,576 |
$6,716,351 |
| 25 |
$12,086,958 |
$4,432,505
$604,348 |
$7,050,105 |
| 26 |
$12,691,530 |
$4,656,196
$634,577 |
$7,400,757 |
| 27 |
$13,325,982 |
$4,890,944
$666,299 |
$7,768,739 |
| 28 |
$13,992,306 |
$5,137,484
$699,615 |
$8,155,207 |
| 29 |
$14,691,996 |
$5,396,369
$734,600 |
$8,561,027 |
| 30 |
$15,426,546 |
$5,668,152
$771,327 |
$8,987,067 |
|
|
