Jackpot Analysis Maryland Powerball

Jackpot Analysis for Maryland Powerball
The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025
Draw DateWed Jul 2, 2025
Projected Jackpot$174,000,000
Cash Value$79,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$79,700,000
Federal Tax(24%)$19,128,000
Additional Federal Tax$10,321,330
State Tax(8.95%)$7,133,150
Net Lumpsum Payment$43,117,520
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,618,874 $929,314
$234,389
$1,455,171
2 $2,749,896 $977,792
$246,116
$1,525,988
3 $2,887,356 $1,028,652
$258,418
$1,600,286
4 $3,031,776 $1,082,088
$271,344
$1,678,344
5 $3,183,330 $1,138,162
$284,908
$1,760,260
6 $3,342,540 $1,197,070
$299,157
$1,846,313
7 $3,509,580 $1,258,875
$314,107
$1,936,598
8 $3,685,146 $1,323,834
$329,821
$2,031,491
9 $3,869,412 $1,392,013
$346,312
$2,131,087
10 $4,062,900 $1,463,603
$363,630
$2,235,667
11 $4,265,958 $1,538,735
$381,803
$2,345,420
12 $4,479,282 $1,617,665
$400,896
$2,460,721
13 $4,703,220 $1,700,522
$420,938
$2,581,760
14 $4,938,468 $1,787,564
$441,993
$2,708,911
15 $5,185,374 $1,878,919
$464,091
$2,842,364
16 $5,444,634 $1,974,845
$487,295
$2,982,494
17 $5,716,770 $2,075,535
$511,651
$3,129,584
18 $6,002,652 $2,181,312
$537,237
$3,284,103
19 $6,302,802 $2,292,367
$564,101
$3,446,334
20 $6,617,916 $2,408,959
$592,303
$3,616,654
21 $6,948,864 $2,531,410
$621,923
$3,795,531
22 $7,296,342 $2,659,977
$653,023
$3,983,342
23 $7,661,046 $2,794,917
$685,664
$4,180,465
24 $8,044,194 $2,936,682
$719,955
$4,387,557
25 $8,446,308 $3,085,464
$755,945
$4,604,899
26 $8,868,780 $3,241,779
$793,756
$4,833,245
27 $9,312,132 $3,405,819
$833,436
$5,072,877
28 $9,777,756 $3,578,100
$875,109
$5,324,547
29 $10,266,696 $3,759,008
$918,869
$5,588,819
30 $10,779,996 $3,948,929
$964,810
$5,866,257