The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland Powerball Jackpot/Cash Option for Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(8.95%) | $12,359,950 | | Net Lumpsum Payment | $74,682,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$397,384 |
$2,439,514 |
| 2 |
$4,662,180 |
$1,685,337
$417,265 |
$2,559,578 |
| 3 |
$4,895,230 |
$1,771,565
$438,123 |
$2,685,542 |
| 4 |
$5,140,080 |
$1,862,160
$460,037 |
$2,817,883 |
| 5 |
$5,397,025 |
$1,957,230
$483,034 |
$2,956,761 |
| 6 |
$5,666,950 |
$2,057,102
$507,192 |
$3,102,656 |
| 7 |
$5,950,150 |
$2,161,886
$532,538 |
$3,255,726 |
| 8 |
$6,247,805 |
$2,272,018
$559,179 |
$3,416,608 |
| 9 |
$6,560,210 |
$2,387,608
$587,139 |
$3,585,463 |
| 10 |
$6,888,250 |
$2,508,983
$616,498 |
$3,762,769 |
| 11 |
$7,232,515 |
$2,636,361
$647,310 |
$3,948,844 |
| 12 |
$7,594,185 |
$2,770,179
$679,680 |
$4,144,326 |
| 13 |
$7,973,850 |
$2,910,655
$713,660 |
$4,349,535 |
| 14 |
$8,372,690 |
$3,058,226
$749,356 |
$4,565,108 |
| 15 |
$8,791,295 |
$3,213,110
$786,821 |
$4,791,364 |
| 16 |
$9,230,845 |
$3,375,743
$826,161 |
$5,028,941 |
| 17 |
$9,692,225 |
$3,546,454
$867,454 |
$5,278,317 |
| 18 |
$10,176,910 |
$3,725,787
$910,833 |
$5,540,290 |
| 19 |
$10,685,785 |
$3,914,071
$956,378 |
$5,815,336 |
| 20 |
$11,220,030 |
$4,111,741
$1,004,193 |
$6,104,096 |
| 21 |
$11,781,120 |
$4,319,345
$1,054,410 |
$6,407,365 |
| 22 |
$12,370,235 |
$4,537,317
$1,107,136 |
$6,725,782 |
| 23 |
$12,988,555 |
$4,766,096
$1,162,476 |
$7,059,983 |
| 24 |
$13,638,145 |
$5,006,444
$1,220,614 |
$7,411,087 |
| 25 |
$14,319,890 |
$5,258,690
$1,281,630 |
$7,779,570 |
| 26 |
$15,036,150 |
$5,523,706
$1,345,735 |
$8,166,709 |
| 27 |
$15,787,810 |
$5,801,820
$1,413,009 |
$8,572,981 |
| 28 |
$16,577,230 |
$6,093,905
$1,483,662 |
$8,999,663 |
| 29 |
$17,406,180 |
$6,400,617
$1,557,853 |
$9,447,710 |
| 30 |
$18,276,430 |
$6,722,609
$1,635,740 |
$9,918,081 |
|
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