The jackpot for the Powerball draw on Sat May 30, 2026, is projected to be $172 Million, with an option for a cash payout of $75.6 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 May 30, 2026 |
|---|
| Draw Date | Sat May 30, 2026 | | Projected Jackpot | $172,000,000 | | Cash Value | $75,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,600,000 | | Federal Tax(24%) | $18,144,000 | | Additional Federal Tax | $9,788,330 | | State Tax(5%) | $3,780,000 | | Net Lumpsum Payment | $43,887,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,588,772 |
$918,176
$129,439 |
$1,541,157 |
| 2 |
$2,718,288 |
$966,097
$135,914 |
$1,616,277 |
| 3 |
$2,854,168 |
$1,016,373
$142,708 |
$1,695,087 |
| 4 |
$2,996,928 |
$1,069,194
$149,846 |
$1,777,888 |
| 5 |
$3,146,740 |
$1,124,624
$157,337 |
$1,864,779 |
| 6 |
$3,304,120 |
$1,182,855
$165,206 |
$1,956,059 |
| 7 |
$3,469,240 |
$1,243,949
$173,462 |
$2,051,829 |
| 8 |
$3,642,788 |
$1,308,162
$182,139 |
$2,152,487 |
| 9 |
$3,824,936 |
$1,375,557
$191,247 |
$2,258,132 |
| 10 |
$4,016,200 |
$1,446,324
$200,810 |
$2,369,066 |
| 11 |
$4,216,924 |
$1,520,592
$210,846 |
$2,485,486 |
| 12 |
$4,427,796 |
$1,598,615
$221,390 |
$2,607,791 |
| 13 |
$4,649,160 |
$1,680,520
$232,458 |
$2,736,182 |
| 14 |
$4,881,704 |
$1,766,561
$244,085 |
$2,871,058 |
| 15 |
$5,125,772 |
$1,856,866
$256,289 |
$3,012,617 |
| 16 |
$5,382,052 |
$1,951,690
$269,103 |
$3,161,259 |
| 17 |
$5,651,060 |
$2,051,223
$282,553 |
$3,317,284 |
| 18 |
$5,933,656 |
$2,155,783
$296,683 |
$3,481,190 |
| 19 |
$6,230,356 |
$2,265,562
$311,518 |
$3,653,276 |
| 20 |
$6,541,848 |
$2,380,814
$327,092 |
$3,833,942 |
| 21 |
$6,868,992 |
$2,501,857
$343,450 |
$4,023,685 |
| 22 |
$7,212,476 |
$2,628,947
$360,624 |
$4,222,905 |
| 23 |
$7,572,988 |
$2,762,336
$378,649 |
$4,432,003 |
| 24 |
$7,951,732 |
$2,902,471
$397,587 |
$4,651,674 |
| 25 |
$8,349,224 |
$3,049,543
$417,461 |
$4,882,220 |
| 26 |
$8,766,840 |
$3,204,061
$438,342 |
$5,124,437 |
| 27 |
$9,205,096 |
$3,366,216
$460,255 |
$5,378,625 |
| 28 |
$9,665,368 |
$3,536,517
$483,268 |
$5,645,583 |
| 29 |
$10,148,688 |
$3,715,345
$507,434 |
$5,925,909 |
| 30 |
$10,656,088 |
$3,903,083
$532,804 |
$6,220,201 |
|
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