Maine Lottery

MELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 31, 2026 is estimated to be $57 Million, with a cash option of 25.8 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 Jan 31, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 31, 2026	$57,000,000	$25,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,800,000
Federal Tax(24%)	$6,192,000
Additional Federal Tax	$3,314,330
State Tax(5%)	$1,290,000
Net Lumpsum Payment	$15,003,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$42,895	$537,256
2	$900,828	-$293,637 -$45,041	$562,150
3	$945,858	-$310,298 -$47,293	$588,267
4	$993,168	-$327,803 -$49,658	$615,707
5	$1,042,815	-$346,172 -$52,141	$644,502
6	$1,094,970	-$365,469 -$54,749	$674,752
7	$1,149,690	-$385,716 -$57,485	$706,489
8	$1,207,203	-$406,995 -$60,360	$739,848
9	$1,267,566	-$429,330 -$63,378	$774,858
10	$1,330,950	-$452,782 -$66,548	$811,620
11	$1,397,469	-$477,394 -$69,873	$850,202
12	$1,467,351	-$503,250 -$73,368	$890,733
13	$1,540,710	-$530,393 -$77,036	$933,281
14	$1,617,774	-$558,907 -$80,889	$977,978
15	$1,698,657	-$588,833 -$84,933	$1,024,891
16	$1,783,587	-$620,258 -$89,179	$1,074,150
17	$1,872,735	-$653,242 -$93,637	$1,125,856
18	$1,966,386	-$687,893 -$98,319	$1,180,174
19	$2,064,711	-$724,273 -$103,236	$1,237,202
20	$2,167,938	-$762,467 -$108,397	$1,297,074
21	$2,276,352	-$802,581 -$113,818	$1,359,953
22	$2,390,181	-$844,697 -$119,509	$1,425,975
23	$2,509,653	-$888,902 -$125,483	$1,495,268
24	$2,635,167	-$935,342 -$131,758	$1,568,067
25	$2,766,894	-$984,081 -$138,345	$1,644,468
26	$2,905,290	-$1,035,288 -$145,265	$1,724,737
27	$3,050,526	-$1,089,025 -$152,526	$1,808,975
28	$3,203,058	-$1,145,462 -$160,153	$1,897,443
29	$3,363,228	-$1,204,725 -$168,161	$1,990,342
30	$3,531,378	-$1,266,940 -$176,569	$2,087,869