The jackpot for the Powerball draw on Wed Nov 11, 2026, is projected to be $45 Million, with an option for a cash payout of $19.4 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 Nov 11, 2026 |
|---|
| Draw Date | Wed Nov 11, 2026 | | Projected Jackpot | $45,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(8.95%) | $1,736,300 | | Net Lumpsum Payment | $10,525,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$60,618 |
$405,747 |
| 2 |
$711,180 |
$223,467
$63,651 |
$424,062 |
| 3 |
$746,730 |
$236,620
$66,832 |
$443,278 |
| 4 |
$784,080 |
$250,440
$70,175 |
$463,465 |
| 5 |
$823,275 |
$264,942
$73,683 |
$484,650 |
| 6 |
$864,450 |
$280,177
$77,368 |
$506,905 |
| 7 |
$907,650 |
$296,161
$81,235 |
$530,254 |
| 8 |
$953,055 |
$312,961
$85,298 |
$554,796 |
| 9 |
$1,000,710 |
$330,593
$89,564 |
$580,553 |
| 10 |
$1,050,750 |
$349,108
$94,042 |
$607,600 |
| 11 |
$1,103,265 |
$368,538
$98,742 |
$635,985 |
| 12 |
$1,158,435 |
$388,951
$103,680 |
$665,804 |
| 13 |
$1,216,350 |
$410,380
$108,863 |
$697,107 |
| 14 |
$1,277,190 |
$432,891
$114,309 |
$729,990 |
| 15 |
$1,341,045 |
$456,517
$120,024 |
$764,504 |
| 16 |
$1,408,095 |
$481,326
$126,025 |
$800,744 |
| 17 |
$1,478,475 |
$507,366
$132,324 |
$838,785 |
| 18 |
$1,552,410 |
$534,722
$138,941 |
$878,747 |
| 19 |
$1,630,035 |
$563,443
$145,888 |
$920,704 |
| 20 |
$1,711,530 |
$593,596
$153,182 |
$964,752 |
| 21 |
$1,797,120 |
$625,265
$160,842 |
$1,011,013 |
| 22 |
$1,886,985 |
$658,515
$168,885 |
$1,059,585 |
| 23 |
$1,981,305 |
$693,413
$177,327 |
$1,110,565 |
| 24 |
$2,080,395 |
$730,077
$186,195 |
$1,164,123 |
| 25 |
$2,184,390 |
$768,555
$195,503 |
$1,220,332 |
| 26 |
$2,293,650 |
$808,981
$205,282 |
$1,279,387 |
| 27 |
$2,408,310 |
$851,405
$215,544 |
$1,341,361 |
| 28 |
$2,528,730 |
$895,960
$226,321 |
$1,406,449 |
| 29 |
$2,655,180 |
$942,747
$237,639 |
$1,474,794 |
| 30 |
$2,787,930 |
$991,864
$249,520 |
$1,546,546 |
|
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