The jackpot for the Powerball draw on Sat Nov 29, 2025, is projected to be $719 Million, with an option for a cash payout of $333.3 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 Nov 29, 2025 |
|---|
| Draw Date | Sat Nov 29, 2025 | | Projected Jackpot | $719,000,000 | | Cash Value | $333,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $333,300,000 | | Federal Tax(24%) | $79,992,000 | | Additional Federal Tax | $43,289,330 | | State Tax(8.95%) | $29,830,350 | | Net Lumpsum Payment | $180,188,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,821,669 |
$3,964,348
$968,539 |
$5,888,782 |
| 2 |
$11,363,076 |
$4,164,669
$1,016,995 |
$6,181,412 |
| 3 |
$11,931,086 |
$4,374,832
$1,067,832 |
$6,488,422 |
| 4 |
$12,527,856 |
$4,595,637
$1,121,243 |
$6,810,976 |
| 5 |
$13,154,105 |
$4,827,349
$1,177,292 |
$7,149,464 |
| 6 |
$13,811,990 |
$5,070,767
$1,236,173 |
$7,505,050 |
| 7 |
$14,502,230 |
$5,326,155
$1,297,950 |
$7,878,125 |
| 8 |
$15,227,701 |
$5,594,580
$1,362,879 |
$8,270,242 |
| 9 |
$15,989,122 |
$5,876,306
$1,431,026 |
$8,681,790 |
| 10 |
$16,788,650 |
$6,172,131
$1,502,584 |
$9,113,935 |
| 11 |
$17,627,723 |
$6,482,588
$1,577,681 |
$9,567,454 |
| 12 |
$18,509,217 |
$6,808,741
$1,656,575 |
$10,043,901 |
| 13 |
$19,434,570 |
$7,151,121
$1,739,394 |
$10,544,055 |
| 14 |
$20,406,658 |
$7,510,794
$1,826,396 |
$11,069,468 |
| 15 |
$21,426,919 |
$7,888,290
$1,917,709 |
$11,620,920 |
| 16 |
$22,498,229 |
$8,284,675
$2,013,591 |
$12,199,963 |
| 17 |
$23,622,745 |
$8,700,746
$2,114,236 |
$12,807,763 |
| 18 |
$24,804,062 |
$9,137,833
$2,219,964 |
$13,446,265 |
| 19 |
$26,044,337 |
$9,596,735
$2,330,968 |
$14,116,634 |
| 20 |
$27,346,446 |
$10,078,515
$2,447,507 |
$14,820,424 |
| 21 |
$28,713,984 |
$10,584,504
$2,569,902 |
$15,559,578 |
| 22 |
$30,149,827 |
$11,115,766
$2,698,410 |
$16,335,651 |
| 23 |
$31,656,851 |
$11,673,365
$2,833,288 |
$17,150,198 |
| 24 |
$33,240,089 |
$12,259,163
$2,974,988 |
$18,005,938 |
| 25 |
$34,901,698 |
$12,873,959
$3,123,702 |
$18,904,037 |
| 26 |
$36,647,430 |
$13,519,879
$3,279,945 |
$19,847,606 |
| 27 |
$38,479,442 |
$14,197,724
$3,443,910 |
$20,837,808 |
| 28 |
$40,403,486 |
$14,909,620
$3,616,112 |
$21,877,754 |
| 29 |
$42,423,876 |
$15,657,165
$3,796,937 |
$22,969,774 |
| 30 |
$44,544,926 |
$16,441,953
$3,986,771 |
$24,116,202 |
|
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