Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(8.95%)	$2,425,450
Net Lumpsum Payment	$14,687,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$84,865	$552,179
2	$995,652	-$328,722 -$89,111	$577,819
3	$1,045,422	-$347,137 -$93,565	$604,720
4	$1,097,712	-$366,484 -$98,245	$632,983
5	$1,152,585	-$386,787 -$103,156	$662,642
6	$1,210,230	-$408,115 -$108,316	$693,799
7	$1,270,710	-$430,493 -$113,729	$726,488
8	$1,334,277	-$454,013 -$119,418	$760,846
9	$1,400,994	-$478,698 -$125,389	$796,907
10	$1,471,050	-$504,619 -$131,659	$834,772
11	$1,544,571	-$531,822 -$138,239	$874,510
12	$1,621,809	-$560,400 -$145,152	$916,257
13	$1,702,890	-$590,400 -$152,409	$960,081
14	$1,788,066	-$621,915 -$160,032	$1,006,119
15	$1,877,463	-$654,992 -$168,033	$1,054,438
16	$1,971,333	-$689,724 -$176,434	$1,105,175
17	$2,069,865	-$726,180 -$185,253	$1,158,432
18	$2,173,374	-$764,479 -$194,517	$1,214,378
19	$2,282,049	-$804,689 -$204,243	$1,273,117
20	$2,396,142	-$846,903 -$214,455	$1,334,784
21	$2,515,968	-$891,239 -$225,179	$1,399,550
22	$2,641,779	-$937,789 -$236,439	$1,467,551
23	$2,773,827	-$986,646 -$248,258	$1,538,923
24	$2,912,553	-$1,037,975 -$260,673	$1,613,905
25	$3,058,146	-$1,091,844 -$273,704	$1,692,598
26	$3,211,110	-$1,148,441 -$287,394	$1,775,275
27	$3,371,634	-$1,207,835 -$301,761	$1,862,038
28	$3,540,222	-$1,270,213 -$316,850	$1,953,159
29	$3,717,252	-$1,335,714 -$332,694	$2,048,844
30	$3,903,102	-$1,404,478 -$349,328	$2,149,296