Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(8.95%)	$17,721,000
Net Lumpsum Payment	$107,058,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$564,420	$3,448,262
2	$6,621,876	-$2,410,425 -$592,658	$3,618,793
3	$6,952,886	-$2,532,898 -$622,283	$3,797,705
4	$7,300,656	-$2,661,573 -$653,409	$3,985,674
5	$7,665,605	-$2,796,604 -$686,072	$4,182,929
6	$8,048,990	-$2,938,457 -$720,385	$4,390,148
7	$8,451,230	-$3,087,285 -$756,385	$4,607,560
8	$8,874,001	-$3,243,711 -$794,223	$4,836,067
9	$9,317,722	-$3,407,888 -$833,936	$5,075,898
10	$9,783,650	-$3,580,281 -$875,637	$5,327,732
11	$10,272,623	-$3,761,201 -$919,400	$5,592,022
12	$10,786,317	-$3,951,268 -$965,375	$5,869,674
13	$11,325,570	-$4,150,791 -$1,013,639	$6,161,140
14	$11,892,058	-$4,360,392 -$1,064,339	$6,467,327
15	$12,486,619	-$4,580,379 -$1,117,552	$6,788,688
16	$13,110,929	-$4,811,374 -$1,173,428	$7,126,127
17	$13,766,245	-$5,053,841 -$1,232,079	$7,480,325
18	$14,454,662	-$5,308,555 -$1,293,692	$7,852,415
19	$15,177,437	-$5,575,982 -$1,358,381	$8,243,074
20	$15,936,246	-$5,856,741 -$1,426,294	$8,653,211
21	$16,733,184	-$6,151,608 -$1,497,620	$9,083,956
22	$17,569,927	-$6,461,203 -$1,572,508	$9,536,216
23	$18,448,151	-$6,786,146 -$1,651,110	$10,010,895
24	$19,370,789	-$7,127,522 -$1,733,686	$10,509,581
25	$20,339,098	-$7,485,797 -$1,820,349	$11,032,952
26	$21,356,430	-$7,862,209 -$1,911,400	$11,582,821
27	$22,424,042	-$8,257,226 -$2,006,952	$12,159,864
28	$23,545,286	-$8,672,086 -$2,107,303	$12,765,897
29	$24,722,676	-$9,107,721 -$2,212,680	$13,402,275
30	$25,958,726	-$9,565,059 -$2,323,306	$14,070,361