Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(8.95%)	$8,144,500
Net Lumpsum Payment	$49,225,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$278,842	$1,723,629
2	$3,271,428	-$1,170,759 -$292,793	$1,807,876
3	$3,434,958	-$1,231,265 -$307,429	$1,896,264
4	$3,606,768	-$1,294,835 -$322,806	$1,989,127
5	$3,787,065	-$1,361,544 -$338,942	$2,086,579
6	$3,976,470	-$1,431,624 -$355,894	$2,188,952
7	$4,175,190	-$1,505,151 -$373,680	$2,296,359
8	$4,384,053	-$1,582,430 -$392,373	$2,409,250
9	$4,603,266	-$1,663,539 -$411,992	$2,527,735
10	$4,833,450	-$1,748,707 -$432,594	$2,652,149
11	$5,075,019	-$1,838,087 -$454,214	$2,782,718
12	$5,328,801	-$1,931,987 -$476,928	$2,919,886
13	$5,595,210	-$2,030,558 -$500,771	$3,063,881
14	$5,875,074	-$2,134,108 -$525,819	$3,215,147
15	$6,168,807	-$2,242,789 -$552,108	$3,373,910
16	$6,477,237	-$2,356,908 -$579,713	$3,540,616
17	$6,800,985	-$2,476,695 -$608,688	$3,715,602
18	$7,141,086	-$2,602,532 -$639,127	$3,899,427
19	$7,498,161	-$2,734,650 -$671,085	$4,092,426
20	$7,873,038	-$2,873,354 -$704,637	$4,295,047
21	$8,266,752	-$3,019,029 -$739,874	$4,507,849
22	$8,680,131	-$3,171,979 -$776,872	$4,731,280
23	$9,114,003	-$3,332,511 -$815,703	$4,965,789
24	$9,569,817	-$3,501,163 -$856,499	$5,212,155
25	$10,048,194	-$3,678,162 -$899,313	$5,470,719
26	$10,550,790	-$3,864,123 -$944,296	$5,742,371
27	$11,078,226	-$4,059,274 -$991,501	$6,027,451
28	$11,632,158	-$4,264,229 -$1,041,078	$6,326,851
29	$12,213,828	-$4,479,447 -$1,093,138	$6,641,243
30	$12,824,478	-$4,705,387 -$1,147,791	$6,971,300