The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Wed Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(5%) | $7,085,000 | | Net Lumpsum Payment | $82,225,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$249,847 |
$2,937,890 |
| 2 |
$5,246,928 |
$1,901,694
$262,346 |
$3,082,888 |
| 3 |
$5,509,208 |
$1,998,737
$275,460 |
$3,235,011 |
| 4 |
$5,784,768 |
$2,100,695
$289,238 |
$3,394,835 |
| 5 |
$6,073,940 |
$2,207,688
$303,697 |
$3,562,555 |
| 6 |
$6,377,720 |
$2,320,087
$318,886 |
$3,738,747 |
| 7 |
$6,696,440 |
$2,438,013
$334,822 |
$3,923,605 |
| 8 |
$7,031,428 |
$2,561,959
$351,571 |
$4,117,898 |
| 9 |
$7,383,016 |
$2,692,046
$369,151 |
$4,321,819 |
| 10 |
$7,752,200 |
$2,828,644
$387,610 |
$4,535,946 |
| 11 |
$8,139,644 |
$2,971,999
$406,982 |
$4,760,663 |
| 12 |
$8,546,676 |
$3,122,601
$427,334 |
$4,996,741 |
| 13 |
$8,973,960 |
$3,280,696
$448,698 |
$5,244,566 |
| 14 |
$9,422,824 |
$3,446,775
$471,141 |
$5,504,908 |
| 15 |
$9,893,932 |
$3,621,085
$494,697 |
$5,778,150 |
| 16 |
$10,388,612 |
$3,804,117
$519,431 |
$6,065,064 |
| 17 |
$10,907,860 |
$3,996,239
$545,393 |
$6,366,228 |
| 18 |
$11,453,336 |
$4,198,065
$572,667 |
$6,682,604 |
| 19 |
$12,026,036 |
$4,409,964
$601,302 |
$7,014,770 |
| 20 |
$12,627,288 |
$4,632,427
$631,364 |
$7,363,497 |
| 21 |
$13,258,752 |
$4,866,069
$662,938 |
$7,729,745 |
| 22 |
$13,921,756 |
$5,111,380
$696,088 |
$8,114,288 |
| 23 |
$14,617,628 |
$5,368,853
$730,881 |
$8,517,894 |
| 24 |
$15,348,692 |
$5,639,346
$767,435 |
$8,941,911 |
| 25 |
$16,115,944 |
$5,923,230
$805,797 |
$9,386,917 |
| 26 |
$16,922,040 |
$6,221,485
$846,102 |
$9,854,453 |
| 27 |
$17,767,976 |
$6,534,482
$888,399 |
$10,345,095 |
| 28 |
$18,656,408 |
$6,863,201
$932,820 |
$10,860,387 |
| 29 |
$19,589,328 |
$7,208,382
$979,466 |
$11,401,480 |
| 30 |
$20,568,728 |
$7,570,760
$1,028,436 |
$11,969,532 |
|
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