The jackpot for the Powerball draw on Mon Jan 5, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 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 Jan 5, 2026 |
|---|
| Draw Date | Mon Jan 5, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(5%) | $1,940,000 | | Net Lumpsum Payment | $22,543,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$64,719 |
$790,414 |
| 2 |
$1,359,144 |
$463,214
$67,957 |
$827,973 |
| 3 |
$1,427,084 |
$488,351
$71,354 |
$867,379 |
| 4 |
$1,498,464 |
$514,762
$74,923 |
$908,779 |
| 5 |
$1,573,370 |
$542,477
$78,669 |
$952,224 |
| 6 |
$1,652,060 |
$571,593
$82,603 |
$997,864 |
| 7 |
$1,734,620 |
$602,140
$86,731 |
$1,045,749 |
| 8 |
$1,821,394 |
$634,246
$91,070 |
$1,096,078 |
| 9 |
$1,912,468 |
$667,944
$95,623 |
$1,148,901 |
| 10 |
$2,008,100 |
$703,327
$100,405 |
$1,204,368 |
| 11 |
$2,108,462 |
$740,461
$105,423 |
$1,262,578 |
| 12 |
$2,213,898 |
$779,473
$110,695 |
$1,323,730 |
| 13 |
$2,324,580 |
$820,425
$116,229 |
$1,387,926 |
| 14 |
$2,440,852 |
$863,446
$122,043 |
$1,455,363 |
| 15 |
$2,562,886 |
$908,598
$128,144 |
$1,526,144 |
| 16 |
$2,691,026 |
$956,010
$134,551 |
$1,600,465 |
| 17 |
$2,825,530 |
$1,005,776
$141,277 |
$1,678,477 |
| 18 |
$2,966,828 |
$1,058,057
$148,341 |
$1,760,430 |
| 19 |
$3,115,178 |
$1,112,946
$155,759 |
$1,846,473 |
| 20 |
$3,270,924 |
$1,170,572
$163,546 |
$1,936,806 |
| 21 |
$3,434,496 |
$1,231,094
$171,725 |
$2,031,677 |
| 22 |
$3,606,238 |
$1,294,638
$180,312 |
$2,131,288 |
| 23 |
$3,786,494 |
$1,361,333
$189,325 |
$2,235,836 |
| 24 |
$3,975,866 |
$1,431,401
$198,793 |
$2,345,672 |
| 25 |
$4,174,612 |
$1,504,937
$208,731 |
$2,460,944 |
| 26 |
$4,383,420 |
$1,582,196
$219,171 |
$2,582,053 |
| 27 |
$4,602,548 |
$1,663,273
$230,127 |
$2,709,148 |
| 28 |
$4,832,684 |
$1,748,423
$241,634 |
$2,842,627 |
| 29 |
$5,074,344 |
$1,837,838
$253,717 |
$2,982,789 |
| 30 |
$5,328,044 |
$1,931,707
$266,402 |
$3,129,935 |
|
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