Maine Lottery

MELottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jun 18, 2025 is estimated to be $101 Million, with a cash option of 45.7 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 Wed Jun 18, 2025

Draw Date	Jackpot	Cash Option
Wed Jun 18, 2025	$101,000,000	$45,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,700,000
Federal Tax(24%)	$10,968,000
Additional Federal Tax	$5,901,330
State Tax(5%)	$2,285,000
Net Lumpsum Payment	$26,545,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,520,151	-$522,786 -$76,008	$921,357
2	$1,596,204	-$550,926 -$79,810	$965,468
3	$1,675,994	-$580,448 -$83,800	$1,011,746
4	$1,759,824	-$611,465 -$87,991	$1,060,368
5	$1,847,795	-$644,015 -$92,390	$1,111,390
6	$1,940,210	-$678,208 -$97,011	$1,164,991
7	$2,037,170	-$714,083 -$101,859	$1,221,228
8	$2,139,079	-$751,790 -$106,954	$1,280,335
9	$2,246,038	-$791,364 -$112,302	$1,342,372
10	$2,358,350	-$832,920 -$117,918	$1,407,512
11	$2,476,217	-$876,531 -$123,811	$1,475,875
12	$2,600,043	-$922,346 -$130,002	$1,547,695
13	$2,730,030	-$970,441 -$136,502	$1,623,087
14	$2,866,582	-$1,020,966 -$143,329	$1,702,287
15	$3,009,901	-$1,073,994 -$150,495	$1,785,412
16	$3,160,391	-$1,129,675 -$158,020	$1,872,696
17	$3,318,355	-$1,188,122 -$165,918	$1,964,315
18	$3,484,298	-$1,249,521 -$174,215	$2,060,562
19	$3,658,523	-$1,313,984 -$182,926	$2,161,613
20	$3,841,434	-$1,381,661 -$192,072	$2,267,701
21	$4,033,536	-$1,452,739 -$201,677	$2,379,120
22	$4,235,233	-$1,527,367 -$211,762	$2,496,104
23	$4,446,929	-$1,605,694 -$222,346	$2,618,889
24	$4,669,331	-$1,687,983 -$233,467	$2,747,881
25	$4,902,742	-$1,774,345 -$245,137	$2,883,260
26	$5,147,970	-$1,865,079 -$257,399	$3,025,492
27	$5,405,318	-$1,960,298 -$270,266	$3,174,754
28	$5,675,594	-$2,060,300 -$283,780	$3,331,514
29	$5,959,404	-$2,165,310 -$297,970	$3,496,124
30	$6,257,354	-$2,275,551 -$312,868	$3,668,935