The jackpot for the Powerball draw on Sat Jul 18, 2026, is projected to be $526 Million, with an option for a cash payout of $233.5 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland Powerball Jackpot/Cash Option for Sat Jul 18, 2026 |
|---|
| Draw Date | Sat Jul 18, 2026 | | Projected Jackpot | $526,000,000 | | Cash Value | $233,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $233,500,000 | | Federal Tax(24%) | $56,040,000 | | Additional Federal Tax | $30,315,330 | | State Tax(8.95%) | $20,898,250 | | Net Lumpsum Payment | $126,246,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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