The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 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 Wed Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(8.95%) | $51,202,950 | | Net Lumpsum Payment | $309,259,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$1,683,831 |
$10,208,501 |
| 2 |
$19,755,000 |
$7,269,680
$1,768,073 |
$10,717,247 |
| 3 |
$20,742,500 |
$7,635,055
$1,856,454 |
$11,250,991 |
| 4 |
$21,780,000 |
$8,018,930
$1,949,310 |
$11,811,760 |
| 5 |
$22,868,750 |
$8,421,768
$2,046,753 |
$12,400,229 |
| 6 |
$24,012,500 |
$8,844,955
$2,149,119 |
$13,018,426 |
| 7 |
$25,212,500 |
$9,288,955
$2,256,519 |
$13,667,026 |
| 8 |
$26,473,750 |
$9,755,618
$2,369,401 |
$14,348,731 |
| 9 |
$27,797,500 |
$10,245,405
$2,487,876 |
$15,064,219 |
| 10 |
$29,187,500 |
$10,759,705
$2,612,281 |
$15,815,514 |
| 11 |
$30,646,250 |
$11,299,443
$2,742,839 |
$16,603,968 |
| 12 |
$32,178,750 |
$11,866,468
$2,879,998 |
$17,432,284 |
| 13 |
$33,787,500 |
$12,461,705
$3,023,981 |
$18,301,814 |
| 14 |
$35,477,500 |
$13,087,005
$3,175,236 |
$19,215,259 |
| 15 |
$37,251,250 |
$13,743,293
$3,333,987 |
$20,173,970 |
| 16 |
$39,113,750 |
$14,432,418
$3,500,681 |
$21,180,651 |
| 17 |
$41,068,750 |
$15,155,768
$3,675,653 |
$22,237,329 |
| 18 |
$43,122,500 |
$15,915,655
$3,859,464 |
$23,347,381 |
| 19 |
$45,278,750 |
$16,713,468
$4,052,448 |
$24,512,834 |
| 20 |
$47,542,500 |
$17,551,055
$4,255,054 |
$25,736,391 |
| 21 |
$49,920,000 |
$18,430,730
$4,467,840 |
$27,021,430 |
| 22 |
$52,416,250 |
$19,354,343
$4,691,254 |
$28,370,653 |
| 23 |
$55,036,250 |
$20,323,743
$4,925,744 |
$29,786,763 |
| 24 |
$57,788,750 |
$21,342,168
$5,172,093 |
$31,274,489 |
| 25 |
$60,677,500 |
$22,411,005
$5,430,636 |
$32,835,859 |
| 26 |
$63,712,500 |
$23,533,955
$5,702,269 |
$34,476,276 |
| 27 |
$66,897,500 |
$24,712,405
$5,987,326 |
$36,197,769 |
| 28 |
$70,242,500 |
$25,950,055
$6,286,704 |
$38,005,741 |
| 29 |
$73,755,000 |
$27,249,680
$6,601,073 |
$39,904,247 |
| 30 |
$77,442,500 |
$28,614,055
$6,931,104 |
$41,897,341 |
|
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