The jackpot for the Powerball draw on Wed Dec 10, 2025, is projected to be $930 Million, with an option for a cash payout of $429 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 Wed Dec 10, 2025 |
|---|
| Draw Date | Wed Dec 10, 2025 | | Projected Jackpot | $930,000,000 | | Cash Value | $429,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $429,000,000 | | Federal Tax(24%) | $102,960,000 | | Additional Federal Tax | $55,730,330 | | State Tax(8.95%) | $38,395,500 | | Net Lumpsum Payment | $231,914,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,997,430 |
$5,139,379
$1,252,770 |
$7,605,281 |
| 2 |
$14,697,720 |
$5,398,487
$1,315,446 |
$7,983,787 |
| 3 |
$15,432,420 |
$5,670,326
$1,381,202 |
$8,380,892 |
| 4 |
$16,204,320 |
$5,955,929
$1,450,287 |
$8,798,104 |
| 5 |
$17,014,350 |
$6,255,640
$1,522,784 |
$9,235,926 |
| 6 |
$17,865,300 |
$6,570,491
$1,598,944 |
$9,695,865 |
| 7 |
$18,758,100 |
$6,900,827
$1,678,850 |
$10,178,423 |
| 8 |
$19,696,470 |
$7,248,024
$1,762,834 |
$10,685,612 |
| 9 |
$20,681,340 |
$7,612,426
$1,850,980 |
$11,217,934 |
| 10 |
$21,715,500 |
$7,995,065
$1,943,537 |
$11,776,898 |
| 11 |
$22,800,810 |
$8,396,630
$2,040,672 |
$12,363,508 |
| 12 |
$23,940,990 |
$8,818,497
$2,142,719 |
$12,979,774 |
| 13 |
$25,137,900 |
$9,261,353
$2,249,842 |
$13,626,705 |
| 14 |
$26,395,260 |
$9,726,577
$2,362,376 |
$14,306,307 |
| 15 |
$27,714,930 |
$10,214,854
$2,480,486 |
$15,019,590 |
| 16 |
$29,100,630 |
$10,727,563
$2,604,506 |
$15,768,561 |
| 17 |
$30,555,150 |
$11,265,736
$2,734,686 |
$16,554,728 |
| 18 |
$32,083,140 |
$11,831,092
$2,871,441 |
$17,380,607 |
| 19 |
$33,687,390 |
$12,424,665
$3,015,021 |
$18,247,704 |
| 20 |
$35,371,620 |
$13,047,830
$3,165,760 |
$19,158,030 |
| 21 |
$37,140,480 |
$13,702,308
$3,324,073 |
$20,114,099 |
| 22 |
$38,997,690 |
$14,389,476
$3,490,293 |
$21,117,921 |
| 23 |
$40,946,970 |
$15,110,709
$3,664,754 |
$22,171,507 |
| 24 |
$42,994,830 |
$15,868,417
$3,848,037 |
$23,278,376 |
| 25 |
$45,144,060 |
$16,663,633
$4,040,393 |
$24,440,034 |
| 26 |
$47,402,100 |
$17,499,107
$4,242,488 |
$25,660,505 |
| 27 |
$49,771,740 |
$18,375,874
$4,454,571 |
$26,941,295 |
| 28 |
$52,260,420 |
$19,296,686
$4,677,308 |
$28,286,426 |
| 29 |
$54,873,720 |
$20,263,607
$4,911,198 |
$29,698,915 |
| 30 |
$57,617,220 |
$21,278,702
$5,156,741 |
$31,181,777 |
|
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