Jackpot Analysis Maryland Powerball

Jackpot Analysis for Maryland Powerball
The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 19, 2025
Draw DateSat Jul 19, 2025
Projected Jackpot$288,000,000
Cash Value$130,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$130,600,000
Federal Tax(24%)$31,344,000
Additional Federal Tax$16,938,330
State Tax(8.95%)$11,688,700
Net Lumpsum Payment$70,628,970
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,334,688 $1,564,165
$387,955
$2,382,568
2 $4,551,552 $1,644,405
$407,364
$2,499,783
3 $4,779,072 $1,728,587
$427,727
$2,622,758
4 $5,018,112 $1,817,032
$449,121
$2,751,959
5 $5,268,960 $1,909,846
$471,572
$2,887,542
6 $5,532,480 $2,007,348
$495,157
$3,029,975
7 $5,808,960 $2,109,646
$519,902
$3,179,412
8 $6,099,552 $2,217,165
$545,910
$3,336,477
9 $6,404,544 $2,330,012
$573,207
$3,501,325
10 $6,724,800 $2,448,506
$601,870
$3,674,424
11 $7,060,896 $2,572,862
$631,950
$3,856,084
12 $7,413,984 $2,703,504
$663,552
$4,046,928
13 $7,784,640 $2,840,647
$696,725
$4,247,268
14 $8,174,016 $2,984,716
$731,574
$4,457,726
15 $8,582,688 $3,135,925
$768,151
$4,678,612
16 $9,011,808 $3,294,699
$806,557
$4,910,552
17 $9,462,240 $3,461,359
$846,870
$5,154,011
18 $9,935,424 $3,636,437
$889,220
$5,409,767
19 $10,432,224 $3,820,253
$933,684
$5,678,287
20 $10,953,792 $4,013,233
$980,364
$5,960,195
21 $11,501,568 $4,215,911
$1,029,390
$6,256,267
22 $12,076,704 $4,428,711
$1,080,865
$6,567,128
23 $12,680,352 $4,652,061
$1,134,892
$6,893,399
24 $13,314,528 $4,886,706
$1,191,650
$7,236,172
25 $13,980,096 $5,132,966
$1,251,219
$7,595,911
26 $14,679,360 $5,391,694
$1,313,803
$7,973,863
27 $15,413,184 $5,663,208
$1,379,480
$8,370,496
28 $16,183,872 $5,948,363
$1,448,457
$8,787,052
29 $16,993,152 $6,247,797
$1,520,887
$9,224,468
30 $17,842,752 $6,562,149
$1,596,926
$9,683,677