The jackpot for the Powerball draw on Sat Jul 12, 2025, is projected to be $234 Million, with an option for a cash payout of $106.6 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 Jul 12, 2025 |
|---|
| Draw Date | Sat Jul 12, 2025 | | Projected Jackpot | $234,000,000 | | Cash Value | $106,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,600,000 | | Federal Tax(24%) | $25,584,000 | | Additional Federal Tax | $13,818,330 | | State Tax(5%) | $5,330,000 | | Net Lumpsum Payment | $61,867,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,521,934 |
$1,263,446
$176,097 |
$2,082,391 |
| 2 |
$3,698,136 |
$1,328,641
$184,907 |
$2,184,588 |
| 3 |
$3,882,996 |
$1,397,039
$194,150 |
$2,291,807 |
| 4 |
$4,077,216 |
$1,468,900
$203,861 |
$2,404,455 |
| 5 |
$4,281,030 |
$1,544,311
$214,052 |
$2,522,667 |
| 6 |
$4,495,140 |
$1,623,532
$224,757 |
$2,646,851 |
| 7 |
$4,719,780 |
$1,706,649
$235,989 |
$2,777,142 |
| 8 |
$4,955,886 |
$1,794,008
$247,794 |
$2,914,084 |
| 9 |
$5,203,692 |
$1,885,696
$260,185 |
$3,057,811 |
| 10 |
$5,463,900 |
$1,981,973
$273,195 |
$3,208,732 |
| 11 |
$5,736,978 |
$2,083,012
$286,849 |
$3,367,117 |
| 12 |
$6,023,862 |
$2,189,159
$301,193 |
$3,533,510 |
| 13 |
$6,325,020 |
$2,300,588
$316,251 |
$3,708,181 |
| 14 |
$6,641,388 |
$2,417,644
$332,069 |
$3,891,675 |
| 15 |
$6,973,434 |
$2,540,501
$348,672 |
$4,084,261 |
| 16 |
$7,322,094 |
$2,669,505
$366,105 |
$4,286,484 |
| 17 |
$7,688,070 |
$2,804,916
$384,404 |
$4,498,750 |
| 18 |
$8,072,532 |
$2,947,167
$403,627 |
$4,721,738 |
| 19 |
$8,476,182 |
$3,096,518
$423,809 |
$4,955,855 |
| 20 |
$8,899,956 |
$3,253,314
$444,998 |
$5,201,644 |
| 21 |
$9,345,024 |
$3,417,989
$467,251 |
$5,459,784 |
| 22 |
$9,812,322 |
$3,590,890
$490,616 |
$5,730,816 |
| 23 |
$10,302,786 |
$3,772,361
$515,139 |
$6,015,286 |
| 24 |
$10,818,054 |
$3,963,010
$540,903 |
$6,314,141 |
| 25 |
$11,358,828 |
$4,163,097
$567,941 |
$6,627,790 |
| 26 |
$11,926,980 |
$4,373,313
$596,349 |
$6,957,318 |
| 27 |
$12,523,212 |
$4,593,919
$626,161 |
$7,303,132 |
| 28 |
$13,149,396 |
$4,825,607
$657,470 |
$7,666,319 |
| 29 |
$13,806,936 |
$5,068,897
$690,347 |
$8,047,692 |
| 30 |
$14,497,236 |
$5,324,308
$724,862 |
$8,448,066 |
|
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