Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(8.95%)	$2,300,150
Net Lumpsum Payment	$13,930,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$76,783	$503,368
2	$900,828	-$293,637 -$80,624	$526,567
3	$945,858	-$310,298 -$84,654	$550,906
4	$993,168	-$327,803 -$88,889	$576,476
5	$1,042,815	-$346,172 -$93,332	$603,311
6	$1,094,970	-$365,469 -$98,000	$631,501
7	$1,149,690	-$385,716 -$102,897	$661,077
8	$1,207,203	-$406,995 -$108,045	$692,163
9	$1,267,566	-$429,330 -$113,447	$724,789
10	$1,330,950	-$452,782 -$119,120	$759,048
11	$1,397,469	-$477,394 -$125,073	$795,002
12	$1,467,351	-$503,250 -$131,328	$832,773
13	$1,540,710	-$530,393 -$137,894	$872,423
14	$1,617,774	-$558,907 -$144,791	$914,076
15	$1,698,657	-$588,833 -$152,030	$957,794
16	$1,783,587	-$620,258 -$159,631	$1,003,698
17	$1,872,735	-$653,242 -$167,610	$1,051,883
18	$1,966,386	-$687,893 -$175,992	$1,102,501
19	$2,064,711	-$724,273 -$184,792	$1,155,646
20	$2,167,938	-$762,467 -$194,030	$1,211,441
21	$2,276,352	-$802,581 -$203,734	$1,270,037
22	$2,390,181	-$844,697 -$213,921	$1,331,563
23	$2,509,653	-$888,902 -$224,614	$1,396,137
24	$2,635,167	-$935,342 -$235,847	$1,463,978
25	$2,766,894	-$984,081 -$247,637	$1,535,176
26	$2,905,290	-$1,035,288 -$260,023	$1,609,979
27	$3,050,526	-$1,089,025 -$273,022	$1,688,479
28	$3,203,058	-$1,145,462 -$286,674	$1,770,922
29	$3,363,228	-$1,204,725 -$301,009	$1,857,494
30	$3,531,378	-$1,266,940 -$316,058	$1,948,380