Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 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 Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(8.95%)	$68,941,850
Net Lumpsum Payment	$416,386,820

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$2,290,010	$13,869,281
2	$26,866,800	-$9,901,046 -$2,404,579	$14,561,175
3	$28,209,800	-$10,397,956 -$2,524,777	$15,287,067
4	$29,620,800	-$10,920,026 -$2,651,062	$16,049,712
5	$31,101,500	-$11,467,885 -$2,783,584	$16,850,031
6	$32,657,000	-$12,043,420 -$2,922,802	$17,690,778
7	$34,289,000	-$12,647,260 -$3,068,866	$18,572,874
8	$36,004,300	-$13,281,921 -$3,222,385	$19,499,994
9	$37,804,600	-$13,948,032 -$3,383,512	$20,473,056
10	$39,695,000	-$14,647,480 -$3,552,703	$21,494,817
11	$41,678,900	-$15,381,523 -$3,730,262	$22,567,115
12	$43,763,100	-$16,152,677 -$3,916,797	$23,693,626
13	$45,951,000	-$16,962,200 -$4,112,615	$24,876,185
14	$48,249,400	-$17,812,608 -$4,318,321	$26,118,471
15	$50,661,700	-$18,705,159 -$4,534,222	$27,422,319
16	$53,194,700	-$19,642,369 -$4,760,926	$28,791,405
17	$55,853,500	-$20,626,125 -$4,998,888	$30,228,487
18	$58,646,600	-$21,659,572 -$5,248,871	$31,738,157
19	$61,579,100	-$22,744,597 -$5,511,329	$33,323,174
20	$64,657,800	-$23,883,716 -$5,786,873	$34,987,211
21	$67,891,200	-$25,080,074 -$6,076,262	$36,734,864
22	$71,286,100	-$26,336,187 -$6,380,106	$38,569,807
23	$74,849,300	-$27,654,571 -$6,699,012	$40,495,717
24	$78,592,700	-$29,039,629 -$7,034,047	$42,519,024
25	$82,521,400	-$30,493,248 -$7,385,665	$44,642,487
26	$86,649,000	-$32,020,460 -$7,755,086	$46,873,454
27	$90,980,600	-$33,623,152 -$8,142,764	$49,214,684
28	$95,529,800	-$35,306,356 -$8,549,917	$51,673,527
29	$100,306,800	-$37,073,846 -$8,977,459	$54,255,495
30	$105,321,800	-$38,929,396 -$9,426,301	$56,966,103