The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Sat Oct 18, 2025 |
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Draw Date | Sat Oct 18, 2025 | Projected Jackpot | $295,000,000 | Cash Value | $138,100,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $138,100,000 | Federal Tax(24%) | $33,144,000 | Additional Federal Tax | $17,913,330 | State Tax(8.95%) | $12,359,950 | Net Lumpsum Payment | $74,682,720 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,440,045 |
$1,603,147 $397,384 |
$2,439,514 |
2 |
$4,662,180 |
$1,685,337 $417,265 |
$2,559,578 |
3 |
$4,895,230 |
$1,771,565 $438,123 |
$2,685,542 |
4 |
$5,140,080 |
$1,862,160 $460,037 |
$2,817,883 |
5 |
$5,397,025 |
$1,957,230 $483,034 |
$2,956,761 |
6 |
$5,666,950 |
$2,057,102 $507,192 |
$3,102,656 |
7 |
$5,950,150 |
$2,161,886 $532,538 |
$3,255,726 |
8 |
$6,247,805 |
$2,272,018 $559,179 |
$3,416,608 |
9 |
$6,560,210 |
$2,387,608 $587,139 |
$3,585,463 |
10 |
$6,888,250 |
$2,508,983 $616,498 |
$3,762,769 |
11 |
$7,232,515 |
$2,636,361 $647,310 |
$3,948,844 |
12 |
$7,594,185 |
$2,770,179 $679,680 |
$4,144,326 |
13 |
$7,973,850 |
$2,910,655 $713,660 |
$4,349,535 |
14 |
$8,372,690 |
$3,058,226 $749,356 |
$4,565,108 |
15 |
$8,791,295 |
$3,213,110 $786,821 |
$4,791,364 |
16 |
$9,230,845 |
$3,375,743 $826,161 |
$5,028,941 |
17 |
$9,692,225 |
$3,546,454 $867,454 |
$5,278,317 |
18 |
$10,176,910 |
$3,725,787 $910,833 |
$5,540,290 |
19 |
$10,685,785 |
$3,914,071 $956,378 |
$5,815,336 |
20 |
$11,220,030 |
$4,111,741 $1,004,193 |
$6,104,096 |
21 |
$11,781,120 |
$4,319,345 $1,054,410 |
$6,407,365 |
22 |
$12,370,235 |
$4,537,317 $1,107,136 |
$6,725,782 |
23 |
$12,988,555 |
$4,766,096 $1,162,476 |
$7,059,983 |
24 |
$13,638,145 |
$5,006,444 $1,220,614 |
$7,411,087 |
25 |
$14,319,890 |
$5,258,690 $1,281,630 |
$7,779,570 |
26 |
$15,036,150 |
$5,523,706 $1,345,735 |
$8,166,709 |
27 |
$15,787,810 |
$5,801,820 $1,413,009 |
$8,572,981 |
28 |
$16,577,230 |
$6,093,905 $1,483,662 |
$8,999,663 |
29 |
$17,406,180 |
$6,400,617 $1,557,853 |
$9,447,710 |
30 |
$18,276,430 |
$6,722,609 $1,635,740 |
$9,918,081 |
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