The jackpot for the Powerball draw on Wed Sep 2, 2026, is projected to be $146 Million, with an option for a cash payout of $63.3 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 Wed Sep 2, 2026 |
|---|
| Draw Date | Wed Sep 2, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $63,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,300,000 | | Federal Tax(24%) | $15,192,000 | | Additional Federal Tax | $8,189,330 | | State Tax(8.95%) | $5,665,350 | | Net Lumpsum Payment | $34,253,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$196,671 |
$1,227,390 |
| 2 |
$2,307,384 |
$814,062
$206,511 |
$1,286,811 |
| 3 |
$2,422,724 |
$856,738
$216,834 |
$1,349,152 |
| 4 |
$2,543,904 |
$901,575
$227,679 |
$1,414,650 |
| 5 |
$2,671,070 |
$948,626
$239,061 |
$1,483,383 |
| 6 |
$2,804,660 |
$998,055
$251,017 |
$1,555,588 |
| 7 |
$2,944,820 |
$1,049,914
$263,561 |
$1,631,345 |
| 8 |
$3,092,134 |
$1,104,420
$276,746 |
$1,710,968 |
| 9 |
$3,246,748 |
$1,161,627
$290,584 |
$1,794,537 |
| 10 |
$3,409,100 |
$1,221,697
$305,114 |
$1,882,289 |
| 11 |
$3,579,482 |
$1,284,739
$320,364 |
$1,974,379 |
| 12 |
$3,758,478 |
$1,350,967
$336,384 |
$2,071,127 |
| 13 |
$3,946,380 |
$1,420,491
$353,201 |
$2,172,688 |
| 14 |
$4,143,772 |
$1,493,526
$370,868 |
$2,279,378 |
| 15 |
$4,350,946 |
$1,570,180
$389,410 |
$2,391,356 |
| 16 |
$4,568,486 |
$1,650,670
$408,879 |
$2,508,937 |
| 17 |
$4,796,830 |
$1,735,157
$429,316 |
$2,632,357 |
| 18 |
$5,036,708 |
$1,823,912
$450,785 |
$2,762,011 |
| 19 |
$5,288,558 |
$1,917,097
$473,326 |
$2,898,135 |
| 20 |
$5,552,964 |
$2,014,927
$496,990 |
$3,041,047 |
| 21 |
$5,830,656 |
$2,117,673
$521,844 |
$3,191,139 |
| 22 |
$6,122,218 |
$2,225,551
$547,939 |
$3,348,728 |
| 23 |
$6,428,234 |
$2,338,777
$575,327 |
$3,514,130 |
| 24 |
$6,749,726 |
$2,457,729
$604,100 |
$3,687,897 |
| 25 |
$7,087,132 |
$2,582,569
$634,298 |
$3,870,265 |
| 26 |
$7,441,620 |
$2,713,730
$666,025 |
$4,061,865 |
| 27 |
$7,813,628 |
$2,851,373
$699,320 |
$4,262,935 |
| 28 |
$8,204,324 |
$2,995,930
$734,287 |
$4,474,107 |
| 29 |
$8,614,584 |
$3,147,726
$771,005 |
$4,695,853 |
| 30 |
$9,045,284 |
$3,307,085
$809,553 |
$4,928,646 |
|
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