The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(8.95%) | $16,548,550 | | Net Lumpsum Payment | $99,978,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$552,296 |
$3,375,047 |
| 2 |
$6,479,640 |
$2,357,797
$579,928 |
$3,541,915 |
| 3 |
$6,803,540 |
$2,477,640
$608,917 |
$3,716,983 |
| 4 |
$7,143,840 |
$2,603,551
$639,374 |
$3,900,915 |
| 5 |
$7,500,950 |
$2,735,682
$671,335 |
$4,093,933 |
| 6 |
$7,876,100 |
$2,874,487
$704,911 |
$4,296,702 |
| 7 |
$8,269,700 |
$3,020,119
$740,138 |
$4,509,443 |
| 8 |
$8,683,390 |
$3,173,185
$777,163 |
$4,733,042 |
| 9 |
$9,117,580 |
$3,333,835
$816,023 |
$4,967,722 |
| 10 |
$9,573,500 |
$3,502,525
$856,828 |
$5,214,147 |
| 11 |
$10,051,970 |
$3,679,559
$899,651 |
$5,472,760 |
| 12 |
$10,554,630 |
$3,865,543
$944,639 |
$5,744,448 |
| 13 |
$11,082,300 |
$4,060,781
$991,866 |
$6,029,653 |
| 14 |
$11,636,620 |
$4,265,880
$1,041,477 |
$6,329,263 |
| 15 |
$12,218,410 |
$4,481,142
$1,093,548 |
$6,643,720 |
| 16 |
$12,829,310 |
$4,707,175
$1,148,223 |
$6,973,912 |
| 17 |
$13,470,550 |
$4,944,434
$1,205,614 |
$7,320,502 |
| 18 |
$14,144,180 |
$5,193,677
$1,265,904 |
$7,684,599 |
| 19 |
$14,851,430 |
$5,455,359
$1,329,203 |
$8,066,868 |
| 20 |
$15,593,940 |
$5,730,088
$1,395,658 |
$8,468,194 |
| 21 |
$16,373,760 |
$6,018,622
$1,465,452 |
$8,889,686 |
| 22 |
$17,192,530 |
$6,321,566
$1,538,731 |
$9,332,233 |
| 23 |
$18,051,890 |
$6,639,530
$1,615,644 |
$9,796,716 |
| 24 |
$18,954,710 |
$6,973,573
$1,696,447 |
$10,284,690 |
| 25 |
$19,902,220 |
$7,324,152
$1,781,249 |
$10,796,819 |
| 26 |
$20,897,700 |
$7,692,479
$1,870,344 |
$11,334,877 |
| 27 |
$21,942,380 |
$8,079,011
$1,963,843 |
$11,899,526 |
| 28 |
$23,039,540 |
$8,484,960
$2,062,039 |
$12,492,541 |
| 29 |
$24,191,640 |
$8,911,237
$2,165,152 |
$13,115,251 |
| 30 |
$25,401,140 |
$9,358,752
$2,273,402 |
$13,768,986 |
|
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