The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(8.95%) | $19,752,650 | | Net Lumpsum Payment | $119,328,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$629,079 |
$3,838,745 |
| 2 |
$7,380,468 |
$2,691,104
$660,552 |
$4,028,812 |
| 3 |
$7,749,398 |
$2,827,608
$693,571 |
$4,228,219 |
| 4 |
$8,137,008 |
$2,971,023
$728,262 |
$4,437,723 |
| 5 |
$8,543,765 |
$3,121,523
$764,667 |
$4,657,575 |
| 6 |
$8,971,070 |
$3,279,626
$802,911 |
$4,888,533 |
| 7 |
$9,419,390 |
$3,445,505
$843,035 |
$5,130,850 |
| 8 |
$9,890,593 |
$3,619,850
$885,208 |
$5,385,535 |
| 9 |
$10,385,146 |
$3,802,834
$929,471 |
$5,652,841 |
| 10 |
$10,904,450 |
$3,994,977
$975,948 |
$5,933,525 |
| 11 |
$11,449,439 |
$4,196,623
$1,024,725 |
$6,228,091 |
| 12 |
$12,021,981 |
$4,408,463
$1,075,967 |
$6,537,551 |
| 13 |
$12,623,010 |
$4,630,844
$1,129,759 |
$6,862,407 |
| 14 |
$13,254,394 |
$4,864,456
$1,186,268 |
$7,203,670 |
| 15 |
$13,917,067 |
$5,109,645
$1,245,577 |
$7,561,845 |
| 16 |
$14,612,897 |
$5,367,102
$1,307,854 |
$7,937,941 |
| 17 |
$15,343,285 |
$5,637,346
$1,373,224 |
$8,332,715 |
| 18 |
$16,110,566 |
$5,921,240
$1,441,896 |
$8,747,430 |
| 19 |
$16,916,141 |
$6,219,303
$1,513,995 |
$9,182,843 |
| 20 |
$17,761,878 |
$6,532,225
$1,589,688 |
$9,639,965 |
| 21 |
$18,650,112 |
$6,860,872
$1,669,185 |
$10,120,055 |
| 22 |
$19,582,711 |
$7,205,933
$1,752,653 |
$10,624,125 |
| 23 |
$20,561,543 |
$7,568,101
$1,840,258 |
$11,153,184 |
| 24 |
$21,589,877 |
$7,948,585
$1,932,294 |
$11,708,998 |
| 25 |
$22,669,114 |
$8,347,903
$2,028,886 |
$12,292,325 |
| 26 |
$23,802,990 |
$8,767,437
$2,130,368 |
$12,905,185 |
| 27 |
$24,992,906 |
$9,207,706
$2,236,865 |
$13,548,335 |
| 28 |
$26,242,598 |
$9,670,092
$2,348,713 |
$14,223,793 |
| 29 |
$27,554,868 |
$10,155,632
$2,466,161 |
$14,933,075 |
| 30 |
$28,932,518 |
$10,665,362
$2,589,460 |
$15,677,696 |
|
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