Maine Lottery

MELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Maine, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maine Powerball Jackpot/Cash Option for Sat Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(5%)	$38,515,000
Net Lumpsum Payment	$446,813,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$1,279,335	$14,879,956
2	$26,866,800	-$9,901,046 -$1,343,340	$15,622,414
3	$28,209,800	-$10,397,956 -$1,410,490	$16,401,354
4	$29,620,800	-$10,920,026 -$1,481,040	$17,219,734
5	$31,101,500	-$11,467,885 -$1,555,075	$18,078,540
6	$32,657,000	-$12,043,420 -$1,632,850	$18,980,730
7	$34,289,000	-$12,647,260 -$1,714,450	$19,927,290
8	$36,004,300	-$13,281,921 -$1,800,215	$20,922,164
9	$37,804,600	-$13,948,032 -$1,890,230	$21,966,338
10	$39,695,000	-$14,647,480 -$1,984,750	$23,062,770
11	$41,678,900	-$15,381,523 -$2,083,945	$24,213,432
12	$43,763,100	-$16,152,677 -$2,188,155	$25,422,268
13	$45,951,000	-$16,962,200 -$2,297,550	$26,691,250
14	$48,249,400	-$17,812,608 -$2,412,470	$28,024,322
15	$50,661,700	-$18,705,159 -$2,533,085	$29,423,456
16	$53,194,700	-$19,642,369 -$2,659,735	$30,892,596
17	$55,853,500	-$20,626,125 -$2,792,675	$32,434,700
18	$58,646,600	-$21,659,572 -$2,932,330	$34,054,698
19	$61,579,100	-$22,744,597 -$3,078,955	$35,755,548
20	$64,657,800	-$23,883,716 -$3,232,890	$37,541,194
21	$67,891,200	-$25,080,074 -$3,394,560	$39,416,566
22	$71,286,100	-$26,336,187 -$3,564,305	$41,385,608
23	$74,849,300	-$27,654,571 -$3,742,465	$43,452,264
24	$78,592,700	-$29,039,629 -$3,929,635	$45,623,436
25	$82,521,400	-$30,493,248 -$4,126,070	$47,902,082
26	$86,649,000	-$32,020,460 -$4,332,450	$50,296,090
27	$90,980,600	-$33,623,152 -$4,549,030	$52,808,418
28	$95,529,800	-$35,306,356 -$4,776,490	$55,446,954
29	$100,306,800	-$37,073,846 -$5,015,340	$58,217,614
30	$105,321,800	-$38,929,396 -$5,266,090	$61,126,314