Jackpot Analysis Maryland Powerball

Jackpot Analysis for Maryland Powerball
The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025
Draw DateSat Jul 5, 2025
Projected Jackpot$190,000,000
Cash Value$87,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$87,000,000
Federal Tax(24%)$20,880,000
Additional Federal Tax$11,270,330
State Tax(8.95%)$7,786,500
Net Lumpsum Payment$47,063,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,859,690 $1,018,416
$255,942
$1,585,332
2 $3,002,760 $1,071,352
$268,747
$1,662,661
3 $3,152,860 $1,126,889
$282,181
$1,743,790
4 $3,310,560 $1,185,238
$296,295
$1,829,027
5 $3,476,050 $1,246,469
$311,106
$1,918,475
6 $3,649,900 $1,310,793
$326,666
$2,012,441
7 $3,832,300 $1,378,281
$342,991
$2,111,028
8 $4,024,010 $1,449,214
$360,149
$2,214,647
9 $4,225,220 $1,523,662
$378,157
$2,323,401
10 $4,436,500 $1,601,835
$397,067
$2,437,598
11 $4,658,230 $1,683,875
$416,912
$2,557,443
12 $4,891,170 $1,770,063
$437,760
$2,683,347
13 $5,135,700 $1,860,539
$459,645
$2,815,516
14 $5,392,580 $1,955,585
$482,636
$2,954,359
15 $5,662,190 $2,055,341
$506,766
$3,100,083
16 $5,945,290 $2,160,088
$532,103
$3,253,099
17 $6,242,450 $2,270,037
$558,699
$3,413,714
18 $6,554,620 $2,385,540
$586,638
$3,582,442
19 $6,882,370 $2,506,807
$615,972
$3,759,591
20 $7,226,460 $2,634,121
$646,768
$3,945,571
21 $7,587,840 $2,767,831
$679,112
$4,140,897
22 $7,967,270 $2,908,220
$713,071
$4,345,979
23 $8,365,510 $3,055,569
$748,713
$4,561,228
24 $8,783,890 $3,210,370
$786,158
$4,787,362
25 $9,222,980 $3,372,833
$825,457
$5,024,690
26 $9,684,300 $3,543,521
$866,745
$5,274,034
27 $10,168,420 $3,722,646
$910,074
$5,535,700
28 $10,676,860 $3,910,769
$955,579
$5,810,512
29 $11,210,760 $4,108,312
$1,003,363
$6,099,085
30 $11,771,260 $4,315,697
$1,053,528
$6,402,035