Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 19, 2025 is estimated to be $131 Million, with a cash option of 58.6 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 Apr 19, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 19, 2025	$131,000,000	$58,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$58,600,000
Federal Tax(24%)	$14,064,000
Additional Federal Tax	$7,578,330
State Tax(8.95%)	$5,244,700
Net Lumpsum Payment	$31,712,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$176,465	$1,105,364
2	$2,070,324	-$726,350 -$185,294	$1,158,680
3	$2,173,814	-$764,642 -$194,556	$1,214,616
4	$2,282,544	-$804,872 -$204,288	$1,273,384
5	$2,396,645	-$847,089 -$214,500	$1,335,056
6	$2,516,510	-$891,439 -$225,228	$1,399,843
7	$2,642,270	-$937,970 -$236,483	$1,467,817
8	$2,774,449	-$986,877 -$248,313	$1,539,259
9	$2,913,178	-$1,038,206 -$260,729	$1,614,243
10	$3,058,850	-$1,092,105 -$273,767	$1,692,978
11	$3,211,727	-$1,148,669 -$287,450	$1,775,608
12	$3,372,333	-$1,208,094 -$301,824	$1,862,415
13	$3,540,930	-$1,270,474 -$316,913	$1,953,543
14	$3,718,042	-$1,336,006 -$332,765	$2,049,271
15	$3,903,931	-$1,404,785 -$349,402	$2,149,744
16	$4,099,121	-$1,477,005 -$366,871	$2,255,245
17	$4,304,005	-$1,552,812 -$385,208	$2,365,985
18	$4,519,238	-$1,632,448 -$404,472	$2,482,318
19	$4,745,213	-$1,716,059 -$424,697	$2,604,457
20	$4,982,454	-$1,803,838 -$445,930	$2,732,686
21	$5,231,616	-$1,896,028 -$468,230	$2,867,358
22	$5,493,223	-$1,992,823 -$491,643	$3,008,757
23	$5,767,799	-$2,094,416 -$516,218	$3,157,165
24	$6,056,261	-$2,201,147 -$542,035	$3,313,079
25	$6,359,002	-$2,313,161 -$569,131	$3,476,710
26	$6,677,070	-$2,430,846 -$597,598	$3,648,626
27	$7,010,858	-$2,554,348 -$627,472	$3,829,038
28	$7,361,414	-$2,684,054 -$658,847	$4,018,513
29	$7,729,524	-$2,820,254 -$691,792	$4,217,478
30	$8,115,974	-$2,963,241 -$726,380	$4,426,353