Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 14, 2026 is estimated to be $146 Million, with a cash option of 66.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Maryland, your state will take 8.95% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maryland Powerball Jackpot/Cash Option for Sat Feb 14, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 14, 2026	$146,000,000	$66,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,900,000
Federal Tax(24%)	$16,056,000
Additional Federal Tax	$8,657,330
State Tax(8.95%)	$5,987,550
Net Lumpsum Payment	$36,199,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$196,671	$1,227,390
2	$2,307,384	-$814,062 -$206,511	$1,286,811
3	$2,422,724	-$856,738 -$216,834	$1,349,152
4	$2,543,904	-$901,575 -$227,679	$1,414,650
5	$2,671,070	-$948,626 -$239,061	$1,483,383
6	$2,804,660	-$998,055 -$251,017	$1,555,588
7	$2,944,820	-$1,049,914 -$263,561	$1,631,345
8	$3,092,134	-$1,104,420 -$276,746	$1,710,968
9	$3,246,748	-$1,161,627 -$290,584	$1,794,537
10	$3,409,100	-$1,221,697 -$305,114	$1,882,289
11	$3,579,482	-$1,284,739 -$320,364	$1,974,379
12	$3,758,478	-$1,350,967 -$336,384	$2,071,127
13	$3,946,380	-$1,420,491 -$353,201	$2,172,688
14	$4,143,772	-$1,493,526 -$370,868	$2,279,378
15	$4,350,946	-$1,570,180 -$389,410	$2,391,356
16	$4,568,486	-$1,650,670 -$408,879	$2,508,937
17	$4,796,830	-$1,735,157 -$429,316	$2,632,357
18	$5,036,708	-$1,823,912 -$450,785	$2,762,011
19	$5,288,558	-$1,917,097 -$473,326	$2,898,135
20	$5,552,964	-$2,014,927 -$496,990	$3,041,047
21	$5,830,656	-$2,117,673 -$521,844	$3,191,139
22	$6,122,218	-$2,225,551 -$547,939	$3,348,728
23	$6,428,234	-$2,338,777 -$575,327	$3,514,130
24	$6,749,726	-$2,457,729 -$604,100	$3,687,897
25	$7,087,132	-$2,582,569 -$634,298	$3,870,265
26	$7,441,620	-$2,713,730 -$666,025	$4,061,865
27	$7,813,628	-$2,851,373 -$699,320	$4,262,935
28	$8,204,324	-$2,995,930 -$734,287	$4,474,107
29	$8,614,584	-$3,147,726 -$771,005	$4,695,853
30	$9,045,284	-$3,307,085 -$809,553	$4,928,646