The jackpot for the Powerball draw on Mon Sep 15, 2025, is projected to be $64 Million, with an option for a cash payout of $30 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 Mon Sep 15, 2025 |
|---|
| Draw Date | Mon Sep 15, 2025 | | Projected Jackpot | $64,000,000 | | Cash Value | $30,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $30,000,000 | | Federal Tax(24%) | $7,200,000 | | Additional Federal Tax | $3,860,330 | | State Tax(8.95%) | $2,685,000 | | Net Lumpsum Payment | $16,254,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$963,264 |
$316,738
$86,212 |
$560,314 |
| 2 |
$1,011,456 |
$334,569
$90,525 |
$586,362 |
| 3 |
$1,062,016 |
$353,276
$95,050 |
$613,690 |
| 4 |
$1,115,136 |
$372,931
$99,805 |
$642,400 |
| 5 |
$1,170,880 |
$393,556
$104,794 |
$672,530 |
| 6 |
$1,229,440 |
$415,223
$110,035 |
$704,182 |
| 7 |
$1,290,880 |
$437,956
$115,534 |
$737,390 |
| 8 |
$1,355,456 |
$461,849
$121,313 |
$772,294 |
| 9 |
$1,423,232 |
$486,926
$127,379 |
$808,927 |
| 10 |
$1,494,400 |
$513,258
$133,749 |
$847,393 |
| 11 |
$1,569,088 |
$540,893
$140,433 |
$887,762 |
| 12 |
$1,647,552 |
$569,925
$147,456 |
$930,171 |
| 13 |
$1,729,920 |
$600,401
$154,828 |
$974,691 |
| 14 |
$1,816,448 |
$632,416
$162,572 |
$1,021,460 |
| 15 |
$1,907,264 |
$666,018
$170,700 |
$1,070,546 |
| 16 |
$2,002,624 |
$701,301
$179,235 |
$1,122,088 |
| 17 |
$2,102,720 |
$738,337
$188,193 |
$1,176,190 |
| 18 |
$2,207,872 |
$777,243
$197,605 |
$1,233,024 |
| 19 |
$2,318,272 |
$818,091
$207,485 |
$1,292,696 |
| 20 |
$2,434,176 |
$860,976
$217,859 |
$1,355,341 |
| 21 |
$2,555,904 |
$906,015
$228,753 |
$1,421,136 |
| 22 |
$2,683,712 |
$953,304
$240,192 |
$1,490,216 |
| 23 |
$2,817,856 |
$1,002,937
$252,198 |
$1,562,721 |
| 24 |
$2,958,784 |
$1,055,080
$264,811 |
$1,638,893 |
| 25 |
$3,106,688 |
$1,109,805
$278,049 |
$1,718,834 |
| 26 |
$3,262,080 |
$1,167,300
$291,956 |
$1,802,824 |
| 27 |
$3,425,152 |
$1,227,637
$306,551 |
$1,890,964 |
| 28 |
$3,596,416 |
$1,291,004
$321,879 |
$1,983,533 |
| 29 |
$3,776,256 |
$1,357,545
$337,975 |
$2,080,736 |
| 30 |
$3,965,056 |
$1,427,401
$354,873 |
$2,182,782 |
|
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