Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 13, 2026 is estimated to be $478 Million, with a cash option of 212.2 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 Mon Jul 13, 2026

Draw Date	Jackpot	Cash Option
Mon Jul 13, 2026	$478,000,000	$212,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,200,000
Federal Tax(24%)	$50,928,000
Additional Federal Tax	$27,546,330
State Tax(8.95%)	$18,991,900
Net Lumpsum Payment	$114,733,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,194,378	-$2,622,250 -$643,897	$3,928,231
2	$7,554,312	-$2,755,426 -$676,111	$4,122,775
3	$7,931,932	-$2,895,145 -$709,908	$4,326,879
4	$8,328,672	-$3,041,939 -$745,416	$4,541,317
5	$8,745,010	-$3,195,984 -$782,678	$4,766,348
6	$9,182,380	-$3,357,811 -$821,823	$5,002,746
7	$9,641,260	-$3,527,597 -$862,893	$5,250,770
8	$10,123,562	-$3,706,048 -$906,059	$5,511,455
9	$10,629,764	-$3,893,343 -$951,364	$5,785,057
10	$11,161,300	-$4,090,011 -$998,936	$6,072,353
11	$11,719,126	-$4,296,407 -$1,048,862	$6,373,857
12	$12,305,154	-$4,513,237 -$1,101,311	$6,690,606
13	$12,920,340	-$4,740,856 -$1,156,370	$7,023,114
14	$13,566,596	-$4,979,971 -$1,214,210	$7,372,415
15	$14,244,878	-$5,230,935 -$1,274,917	$7,739,026
16	$14,957,098	-$5,494,457 -$1,338,660	$8,123,981
17	$15,704,690	-$5,771,066 -$1,405,570	$8,528,054
18	$16,490,044	-$6,061,647 -$1,475,859	$8,952,538
19	$17,314,594	-$6,366,730 -$1,549,656	$9,398,208
20	$18,180,252	-$6,687,024 -$1,627,133	$9,866,095
21	$19,089,408	-$7,023,411 -$1,708,502	$10,357,495
22	$20,043,974	-$7,376,601 -$1,793,936	$10,873,437
23	$21,045,862	-$7,747,299 -$1,883,605	$11,414,958
24	$22,098,418	-$8,136,745 -$1,977,808	$11,983,865
25	$23,203,076	-$8,545,469 -$2,076,675	$12,580,932
26	$24,363,660	-$8,974,885 -$2,180,548	$13,208,227
27	$25,581,604	-$9,425,524 -$2,289,554	$13,866,526
28	$26,860,732	-$9,898,801 -$2,404,036	$14,557,895
29	$28,203,912	-$10,395,778 -$2,524,250	$15,283,884
30	$29,614,012	-$10,917,515 -$2,650,454	$16,046,043