The jackpot for the Powerball draw on Mon Jun 22, 2026, is projected to be $312 Million, with an option for a cash payout of $141.2 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 Mon Jun 22, 2026 |
|---|
| Draw Date | Mon Jun 22, 2026 | | Projected Jackpot | $312,000,000 | | Cash Value | $141,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,200,000 | | Federal Tax(24%) | $33,888,000 | | Additional Federal Tax | $18,316,330 | | State Tax(5%) | $7,060,000 | | Net Lumpsum Payment | $81,935,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,695,912 |
$1,697,818
$234,796 |
$2,763,298 |
| 2 |
$4,930,848 |
$1,784,744
$246,542 |
$2,899,562 |
| 3 |
$5,177,328 |
$1,875,942
$258,866 |
$3,042,520 |
| 4 |
$5,436,288 |
$1,971,757
$271,814 |
$3,192,717 |
| 5 |
$5,708,040 |
$2,072,305
$285,402 |
$3,350,333 |
| 6 |
$5,993,520 |
$2,177,933
$299,676 |
$3,515,911 |
| 7 |
$6,293,040 |
$2,288,755
$314,652 |
$3,689,633 |
| 8 |
$6,607,848 |
$2,405,234
$330,392 |
$3,872,222 |
| 9 |
$6,938,256 |
$2,527,485
$346,913 |
$4,063,858 |
| 10 |
$7,285,200 |
$2,655,854
$364,260 |
$4,265,086 |
| 11 |
$7,649,304 |
$2,790,573
$382,465 |
$4,476,266 |
| 12 |
$8,031,816 |
$2,932,102
$401,591 |
$4,698,123 |
| 13 |
$8,433,360 |
$3,080,674
$421,668 |
$4,931,018 |
| 14 |
$8,855,184 |
$3,236,748
$442,759 |
$5,175,677 |
| 15 |
$9,297,912 |
$3,400,558
$464,896 |
$5,432,458 |
| 16 |
$9,762,792 |
$3,572,563
$488,140 |
$5,702,089 |
| 17 |
$10,250,760 |
$3,753,112
$512,538 |
$5,985,110 |
| 18 |
$10,763,376 |
$3,942,780
$538,169 |
$6,282,427 |
| 19 |
$11,301,576 |
$4,141,914
$565,079 |
$6,594,583 |
| 20 |
$11,866,608 |
$4,350,975
$593,330 |
$6,922,303 |
| 21 |
$12,460,032 |
$4,570,542
$623,002 |
$7,266,488 |
| 22 |
$13,083,096 |
$4,801,076
$654,155 |
$7,627,865 |
| 23 |
$13,737,048 |
$5,043,038
$686,852 |
$8,007,158 |
| 24 |
$14,424,072 |
$5,297,237
$721,204 |
$8,405,631 |
| 25 |
$15,145,104 |
$5,564,019
$757,255 |
$8,823,830 |
| 26 |
$15,902,640 |
$5,844,307
$795,132 |
$9,263,201 |
| 27 |
$16,697,616 |
$6,138,448
$834,881 |
$9,724,287 |
| 28 |
$17,532,528 |
$6,447,366
$876,626 |
$10,208,536 |
| 29 |
$18,409,248 |
$6,771,752
$920,462 |
$10,717,034 |
| 30 |
$19,329,648 |
$7,112,300
$966,482 |
$11,250,866 |
|
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