The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(8.95%) | $10,292,500 | | Net Lumpsum Payment | $62,197,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$347,543 |
$2,138,516 |
| 2 |
$4,077,432 |
$1,468,980
$364,930 |
$2,243,522 |
| 3 |
$4,281,252 |
$1,544,394
$383,172 |
$2,353,686 |
| 4 |
$4,495,392 |
$1,623,625
$402,338 |
$2,469,429 |
| 5 |
$4,720,110 |
$1,706,771
$422,450 |
$2,590,889 |
| 6 |
$4,956,180 |
$1,794,117
$443,578 |
$2,718,485 |
| 7 |
$5,203,860 |
$1,885,759
$465,745 |
$2,852,356 |
| 8 |
$5,464,182 |
$1,982,078
$489,044 |
$2,993,060 |
| 9 |
$5,737,404 |
$2,083,170
$513,498 |
$3,140,736 |
| 10 |
$6,024,300 |
$2,189,321
$539,175 |
$3,295,804 |
| 11 |
$6,325,386 |
$2,300,723
$566,122 |
$3,458,541 |
| 12 |
$6,641,694 |
$2,417,757
$594,432 |
$3,629,505 |
| 13 |
$6,973,740 |
$2,540,614
$624,150 |
$3,808,976 |
| 14 |
$7,322,556 |
$2,669,676
$655,369 |
$3,997,511 |
| 15 |
$7,688,658 |
$2,805,134
$688,135 |
$4,195,389 |
| 16 |
$8,073,078 |
$2,947,369
$722,540 |
$4,403,169 |
| 17 |
$8,476,590 |
$3,096,669
$758,655 |
$4,621,266 |
| 18 |
$8,900,484 |
$3,253,509
$796,593 |
$4,850,382 |
| 19 |
$9,345,534 |
$3,418,178
$836,425 |
$5,090,931 |
| 20 |
$9,812,772 |
$3,591,056
$878,243 |
$5,343,473 |
| 21 |
$10,303,488 |
$3,772,621
$922,162 |
$5,608,705 |
| 22 |
$10,818,714 |
$3,963,255
$968,275 |
$5,887,184 |
| 23 |
$11,359,482 |
$4,163,339
$1,016,674 |
$6,179,469 |
| 24 |
$11,927,598 |
$4,373,542
$1,067,520 |
$6,486,536 |
| 25 |
$12,523,836 |
$4,594,150
$1,120,883 |
$6,808,803 |
| 26 |
$13,150,260 |
$4,825,927
$1,176,948 |
$7,147,385 |
| 27 |
$13,807,644 |
$5,069,159
$1,235,784 |
$7,502,701 |
| 28 |
$14,498,052 |
$5,324,610
$1,297,576 |
$7,875,866 |
| 29 |
$15,223,032 |
$5,592,852
$1,362,461 |
$8,267,719 |
| 30 |
$15,984,132 |
$5,874,459
$1,430,580 |
$8,679,093 |
|
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