Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 10, 2025 is estimated to be $82 Million, with a cash option of 37.7 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 May 10, 2025

Draw Date	Jackpot	Cash Option
Sat May 10, 2025	$82,000,000	$37,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$37,700,000
Federal Tax(24%)	$9,048,000
Additional Federal Tax	$4,861,330
State Tax(8.95%)	$3,374,150
Net Lumpsum Payment	$20,416,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,234,182	-$416,978 -$110,459	$706,745
2	$1,295,928	-$439,824 -$115,986	$740,118
3	$1,360,708	-$463,792 -$121,783	$775,133
4	$1,428,768	-$488,975 -$127,875	$811,918
5	$1,500,190	-$515,401 -$134,267	$850,522
6	$1,575,220	-$543,162 -$140,982	$891,076
7	$1,653,940	-$572,288 -$148,028	$933,624
8	$1,736,678	-$602,901 -$155,433	$978,344
9	$1,823,516	-$635,031 -$163,205	$1,025,280
10	$1,914,700	-$668,769 -$171,366	$1,074,565
11	$2,010,394	-$704,176 -$179,930	$1,126,288
12	$2,110,926	-$741,373 -$188,928	$1,180,625
13	$2,216,460	-$780,421 -$198,373	$1,237,666
14	$2,327,324	-$821,440 -$208,295	$1,297,589
15	$2,443,682	-$864,493 -$218,710	$1,360,479
16	$2,565,862	-$909,699 -$229,645	$1,426,518
17	$2,694,110	-$957,151 -$241,123	$1,495,836
18	$2,828,836	-$1,007,000 -$253,181	$1,568,655
19	$2,970,286	-$1,059,336 -$265,841	$1,645,109
20	$3,118,788	-$1,114,282 -$279,132	$1,725,374
21	$3,274,752	-$1,171,989 -$293,090	$1,809,673
22	$3,438,506	-$1,232,578 -$307,746	$1,898,182
23	$3,610,378	-$1,296,170 -$323,129	$1,991,079
24	$3,790,942	-$1,362,979 -$339,289	$2,088,674
25	$3,980,444	-$1,433,095 -$356,250	$2,191,099
26	$4,179,540	-$1,506,760 -$374,069	$2,298,711
27	$4,388,476	-$1,584,067 -$392,769	$2,411,640
28	$4,607,908	-$1,665,256 -$412,408	$2,530,244
29	$4,838,328	-$1,750,512 -$433,030	$2,654,786
30	$5,080,228	-$1,840,015 -$454,680	$2,785,533