The jackpot for the Powerball draw on Sat Sep 5, 2026, is projected to be $173 Million, with an option for a cash payout of $75 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 Sep 5, 2026 |
|---|
| Draw Date | Sat Sep 5, 2026 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,000,000 | | Federal Tax(24%) | $18,000,000 | | Additional Federal Tax | $9,710,330 | | State Tax(5%) | $3,750,000 | | Net Lumpsum Payment | $43,539,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$130,191 |
$1,549,887 |
| 2 |
$2,734,092 |
$971,944
$136,705 |
$1,625,443 |
| 3 |
$2,870,762 |
$1,022,512
$143,538 |
$1,704,712 |
| 4 |
$3,014,352 |
$1,075,641
$150,718 |
$1,787,993 |
| 5 |
$3,165,035 |
$1,131,393
$158,252 |
$1,875,390 |
| 6 |
$3,323,330 |
$1,189,962
$166,167 |
$1,967,201 |
| 7 |
$3,489,410 |
$1,251,412
$174,471 |
$2,063,527 |
| 8 |
$3,663,967 |
$1,315,998
$183,198 |
$2,164,771 |
| 9 |
$3,847,174 |
$1,383,785
$192,359 |
$2,271,030 |
| 10 |
$4,039,550 |
$1,454,964
$201,978 |
$2,382,608 |
| 11 |
$4,241,441 |
$1,529,664
$212,072 |
$2,499,705 |
| 12 |
$4,453,539 |
$1,608,140
$222,677 |
$2,622,722 |
| 13 |
$4,676,190 |
$1,690,521
$233,810 |
$2,751,859 |
| 14 |
$4,910,086 |
$1,777,062
$245,504 |
$2,887,520 |
| 15 |
$5,155,573 |
$1,867,892
$257,779 |
$3,029,902 |
| 16 |
$5,413,343 |
$1,963,267
$270,667 |
$3,179,409 |
| 17 |
$5,683,915 |
$2,063,379
$284,196 |
$3,336,340 |
| 18 |
$5,968,154 |
$2,168,547
$298,408 |
$3,501,199 |
| 19 |
$6,266,579 |
$2,278,965
$313,329 |
$3,674,285 |
| 20 |
$6,579,882 |
$2,394,887
$328,994 |
$3,856,001 |
| 21 |
$6,908,928 |
$2,516,634
$345,446 |
$4,046,848 |
| 22 |
$7,254,409 |
$2,644,462
$362,720 |
$4,247,227 |
| 23 |
$7,617,017 |
$2,778,627
$380,851 |
$4,457,539 |
| 24 |
$7,997,963 |
$2,919,577
$399,898 |
$4,678,488 |
| 25 |
$8,397,766 |
$3,067,504
$419,888 |
$4,910,374 |
| 26 |
$8,817,810 |
$3,222,920
$440,891 |
$5,153,999 |
| 27 |
$9,258,614 |
$3,386,018
$462,931 |
$5,409,665 |
| 28 |
$9,721,562 |
$3,557,308
$486,078 |
$5,678,176 |
| 29 |
$10,207,692 |
$3,737,176
$510,385 |
$5,960,131 |
| 30 |
$10,718,042 |
$3,926,006
$535,902 |
$6,256,134 |
|
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