Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 13, 2025 is estimated to be $1.00 Billion, with a cash option of 461.3 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 Dec 13, 2025

Draw Date	Jackpot	Cash Option
Sat Dec 13, 2025	$1,000,000,000	$461,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$461,300,000
Federal Tax(24%)	$110,712,000
Additional Federal Tax	$59,929,330
State Tax(8.95%)	$41,286,350
Net Lumpsum Payment	$249,372,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$15,051,000	-$5,529,200 -$1,347,065	$8,174,735
2	$15,804,000	-$5,807,810 -$1,414,458	$8,581,732
3	$16,594,000	-$6,100,110 -$1,485,163	$9,008,727
4	$17,424,000	-$6,407,210 -$1,559,448	$9,457,342
5	$18,295,000	-$6,729,480 -$1,637,403	$9,928,117
6	$19,210,000	-$7,068,030 -$1,719,295	$10,422,675
7	$20,170,000	-$7,423,230 -$1,805,215	$10,941,555
8	$21,179,000	-$7,796,560 -$1,895,521	$11,486,919
9	$22,238,000	-$8,188,390 -$1,990,301	$12,059,309
10	$23,350,000	-$8,599,830 -$2,089,825	$12,660,345
11	$24,517,000	-$9,031,620 -$2,194,272	$13,291,108
12	$25,743,000	-$9,485,240 -$2,303,999	$13,953,761
13	$27,030,000	-$9,961,430 -$2,419,185	$14,649,385
14	$28,382,000	-$10,461,670 -$2,540,189	$15,380,141
15	$29,801,000	-$10,986,700 -$2,667,190	$16,147,110
16	$31,291,000	-$11,538,000 -$2,800,545	$16,952,455
17	$32,855,000	-$12,116,680 -$2,940,523	$17,797,797
18	$34,498,000	-$12,724,590 -$3,087,571	$18,685,839
19	$36,223,000	-$13,362,840 -$3,241,959	$19,618,201
20	$38,034,000	-$14,032,910 -$3,404,043	$20,597,047
21	$39,936,000	-$14,736,650 -$3,574,272	$21,625,078
22	$41,933,000	-$15,475,540 -$3,753,004	$22,704,456
23	$44,029,000	-$16,251,060 -$3,940,596	$23,837,344
24	$46,231,000	-$17,065,800 -$4,137,675	$25,027,525
25	$48,542,000	-$17,920,870 -$4,344,509	$26,276,621
26	$50,970,000	-$18,819,230 -$4,561,815	$27,588,955
27	$53,518,000	-$19,761,990 -$4,789,861	$28,966,149
28	$56,194,000	-$20,752,110 -$5,029,363	$30,412,527
29	$59,004,000	-$21,791,810 -$5,280,858	$31,931,332
30	$61,954,000	-$22,883,310 -$5,544,883	$33,525,807