The jackpot for the Powerball draw on Sat Oct 3, 2026, is projected to be $440 Million, with an option for a cash payout of $183.1 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 Sat Oct 3, 2026 |
|---|
| Draw Date | Sat Oct 3, 2026 | | Projected Jackpot | $440,000,000 | | Cash Value | $183,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,100,000 | | Federal Tax(24%) | $43,944,000 | | Additional Federal Tax | $23,763,330 | | State Tax(5%) | $9,155,000 | | Net Lumpsum Payment | $106,237,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,622,440 |
$2,410,633
$331,122 |
$3,880,685 |
| 2 |
$6,953,760 |
$2,533,222
$347,688 |
$4,072,850 |
| 3 |
$7,301,360 |
$2,661,834
$365,068 |
$4,274,458 |
| 4 |
$7,666,560 |
$2,796,958
$383,328 |
$4,486,274 |
| 5 |
$8,049,800 |
$2,938,756
$402,490 |
$4,708,554 |
| 6 |
$8,452,400 |
$3,087,718
$422,620 |
$4,942,062 |
| 7 |
$8,874,800 |
$3,244,006
$443,740 |
$5,187,054 |
| 8 |
$9,318,760 |
$3,408,272
$465,938 |
$5,444,550 |
| 9 |
$9,784,720 |
$3,580,677
$489,236 |
$5,714,807 |
| 10 |
$10,274,000 |
$3,761,710
$513,700 |
$5,998,590 |
| 11 |
$10,787,480 |
$3,951,698
$539,374 |
$6,296,408 |
| 12 |
$11,326,920 |
$4,151,291
$566,346 |
$6,609,283 |
| 13 |
$11,893,200 |
$4,360,814
$594,660 |
$6,937,726 |
| 14 |
$12,488,080 |
$4,580,920
$624,404 |
$7,282,756 |
| 15 |
$13,112,440 |
$4,811,933
$655,622 |
$7,644,885 |
| 16 |
$13,768,040 |
$5,054,505
$688,402 |
$8,025,133 |
| 17 |
$14,456,200 |
$5,309,124
$722,810 |
$8,424,266 |
| 18 |
$15,179,120 |
$5,576,605
$758,956 |
$8,843,559 |
| 19 |
$15,938,120 |
$5,857,435
$796,906 |
$9,283,779 |
| 20 |
$16,734,960 |
$6,152,266
$836,748 |
$9,745,946 |
| 21 |
$17,571,840 |
$6,461,911
$878,592 |
$10,231,337 |
| 22 |
$18,450,520 |
$6,787,023
$922,526 |
$10,740,971 |
| 23 |
$19,372,760 |
$7,128,252
$968,638 |
$11,275,870 |
| 24 |
$20,341,640 |
$7,486,737
$1,017,082 |
$11,837,821 |
| 25 |
$21,358,480 |
$7,862,968
$1,067,924 |
$12,427,588 |
| 26 |
$22,426,800 |
$8,258,246
$1,121,340 |
$13,047,214 |
| 27 |
$23,547,920 |
$8,673,061
$1,177,396 |
$13,697,463 |
| 28 |
$24,725,360 |
$9,108,714
$1,236,268 |
$14,380,378 |
| 29 |
$25,961,760 |
$9,566,182
$1,298,088 |
$15,097,490 |
| 30 |
$27,259,760 |
$10,046,442
$1,362,988 |
$15,850,330 |
|
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