The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Oct 13, 2025 |
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Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(8.95%) | $10,811,600 | Net Lumpsum Payment | $65,332,070 |
Annuity Payment in 30 Installations |
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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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