The jackpot for the Powerball draw on Mon Apr 6, 2026, is projected to be $231 Million, with an option for a cash payout of $105 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 Apr 6, 2026 |
|---|
| Draw Date | Mon Apr 6, 2026 | | Projected Jackpot | $231,000,000 | | Cash Value | $105,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,000,000 | | Federal Tax(24%) | $25,200,000 | | Additional Federal Tax | $13,610,330 | | State Tax(5%) | $5,250,000 | | Net Lumpsum Payment | $60,939,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,476,781 |
$1,246,739
$173,839 |
$2,056,203 |
| 2 |
$3,650,724 |
$1,311,098
$182,536 |
$2,157,090 |
| 3 |
$3,833,214 |
$1,378,620
$191,661 |
$2,262,933 |
| 4 |
$4,024,944 |
$1,449,560
$201,247 |
$2,374,137 |
| 5 |
$4,226,145 |
$1,524,004
$211,307 |
$2,490,834 |
| 6 |
$4,437,510 |
$1,602,209
$221,876 |
$2,613,425 |
| 7 |
$4,659,270 |
$1,684,260
$232,964 |
$2,742,046 |
| 8 |
$4,892,349 |
$1,770,500
$244,617 |
$2,877,232 |
| 9 |
$5,136,978 |
$1,861,012
$256,849 |
$3,019,117 |
| 10 |
$5,393,850 |
$1,956,055
$269,693 |
$3,168,102 |
| 11 |
$5,663,427 |
$2,055,798
$283,171 |
$3,324,458 |
| 12 |
$5,946,633 |
$2,160,585
$297,332 |
$3,488,716 |
| 13 |
$6,243,930 |
$2,270,584
$312,197 |
$3,661,149 |
| 14 |
$6,556,242 |
$2,386,140
$327,812 |
$3,842,290 |
| 15 |
$6,884,031 |
$2,507,422
$344,202 |
$4,032,407 |
| 16 |
$7,228,221 |
$2,634,772
$361,411 |
$4,232,038 |
| 17 |
$7,589,505 |
$2,768,447
$379,475 |
$4,441,583 |
| 18 |
$7,969,038 |
$2,908,874
$398,452 |
$4,661,712 |
| 19 |
$8,367,513 |
$3,056,310
$418,376 |
$4,892,827 |
| 20 |
$8,785,854 |
$3,211,096
$439,293 |
$5,135,465 |
| 21 |
$9,225,216 |
$3,373,660
$461,261 |
$5,390,295 |
| 22 |
$9,686,523 |
$3,544,344
$484,326 |
$5,657,853 |
| 23 |
$10,170,699 |
$3,723,489
$508,535 |
$5,938,675 |
| 24 |
$10,679,361 |
$3,911,694
$533,968 |
$6,233,699 |
| 25 |
$11,213,202 |
$4,109,215
$560,660 |
$6,543,327 |
| 26 |
$11,774,070 |
$4,316,736
$588,704 |
$6,868,630 |
| 27 |
$12,362,658 |
$4,534,514
$618,133 |
$7,210,011 |
| 28 |
$12,980,814 |
$4,763,232
$649,041 |
$7,568,541 |
| 29 |
$13,629,924 |
$5,003,402
$681,496 |
$7,945,026 |
| 30 |
$14,311,374 |
$5,255,539
$715,569 |
$8,340,266 |
|
|
