Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 13, 2025 is estimated to be $526 Million, with a cash option of 241 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 Wed Aug 13, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 13, 2025	$526,000,000	$241,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$241,000,000
Federal Tax(24%)	$57,840,000
Additional Federal Tax	$31,290,330
State Tax(8.95%)	$21,569,500
Net Lumpsum Payment	$130,300,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,916,826	-$2,889,556 -$708,556	$4,318,714
2	$8,312,904	-$3,036,105 -$744,005	$4,532,794
3	$8,728,444	-$3,189,855 -$781,196	$4,757,393
4	$9,165,024	-$3,351,389 -$820,270	$4,993,365
5	$9,623,170	-$3,520,903 -$861,274	$5,240,993
6	$10,104,460	-$3,698,981 -$904,349	$5,501,130
7	$10,609,420	-$3,885,816 -$949,543	$5,774,061
8	$11,140,154	-$4,082,187 -$997,044	$6,060,923
9	$11,697,188	-$4,288,290 -$1,046,898	$6,362,000
10	$12,282,100	-$4,504,707 -$1,099,248	$6,678,145
11	$12,895,942	-$4,731,829 -$1,154,187	$7,009,926
12	$13,540,818	-$4,970,433 -$1,211,903	$7,358,482
13	$14,217,780	-$5,220,909 -$1,272,491	$7,724,380
14	$14,928,932	-$5,484,035 -$1,336,139	$8,108,758
15	$15,675,326	-$5,760,201 -$1,402,942	$8,512,183
16	$16,459,066	-$6,050,185 -$1,473,086	$8,935,795
17	$17,281,730	-$6,354,570 -$1,546,715	$9,380,445
18	$18,145,948	-$6,674,331 -$1,624,062	$9,847,555
19	$19,053,298	-$7,010,051 -$1,705,270	$10,337,977
20	$20,005,884	-$7,362,507 -$1,790,527	$10,852,850
21	$21,006,336	-$7,732,675 -$1,880,067	$11,393,594
22	$22,056,758	-$8,121,331 -$1,974,080	$11,961,347
23	$23,159,254	-$8,529,254 -$2,072,753	$12,557,247
24	$24,317,506	-$8,957,808 -$2,176,417	$13,183,281
25	$25,533,092	-$9,407,574 -$2,285,212	$13,840,306
26	$26,810,220	-$9,880,112 -$2,399,515	$14,530,593
27	$28,150,468	-$10,376,004 -$2,519,467	$15,254,997
28	$29,558,044	-$10,896,807 -$2,645,445	$16,015,792
29	$31,036,104	-$11,443,689 -$2,777,731	$16,814,684
30	$32,587,804	-$12,017,818 -$2,916,608	$17,653,378