The jackpot for the Powerball draw on Sat Oct 25, 2025, is projected to be $344 Million, with an option for a cash payout of $163.7 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 Oct 25, 2025 |
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Draw Date | Sat Oct 25, 2025 | Projected Jackpot | $344,000,000 | Cash Value | $163,700,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $163,700,000 | Federal Tax(24%) | $39,288,000 | Additional Federal Tax | $21,241,330 | State Tax(8.95%) | $14,651,150 | Net Lumpsum Payment | $88,519,520 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$5,177,544 |
$1,876,022 $463,390 |
$2,838,132 |
2 |
$5,436,576 |
$1,971,864 $486,574 |
$2,978,138 |
3 |
$5,708,336 |
$2,072,415 $510,896 |
$3,125,025 |
4 |
$5,993,856 |
$2,178,057 $536,450 |
$3,279,349 |
5 |
$6,293,480 |
$2,288,918 $563,266 |
$3,441,296 |
6 |
$6,608,240 |
$2,405,379 $591,437 |
$3,611,424 |
7 |
$6,938,480 |
$2,527,568 $620,994 |
$3,789,918 |
8 |
$7,285,576 |
$2,655,994 $652,059 |
$3,977,523 |
9 |
$7,649,872 |
$2,790,783 $684,664 |
$4,174,425 |
10 |
$8,032,400 |
$2,932,318 $718,900 |
$4,381,182 |
11 |
$8,433,848 |
$3,080,854 $754,829 |
$4,598,165 |
12 |
$8,855,592 |
$3,236,899 $792,575 |
$4,826,118 |
13 |
$9,298,320 |
$3,400,709 $832,200 |
$5,065,411 |
14 |
$9,763,408 |
$3,572,791 $873,825 |
$5,316,792 |
15 |
$10,251,544 |
$3,753,402 $917,513 |
$5,580,629 |
16 |
$10,764,104 |
$3,943,049 $963,387 |
$5,857,668 |
17 |
$11,302,120 |
$4,142,115 $1,011,540 |
$6,148,465 |
18 |
$11,867,312 |
$4,351,236 $1,062,124 |
$6,453,952 |
19 |
$12,460,712 |
$4,570,794 $1,115,234 |
$6,774,684 |
20 |
$13,083,696 |
$4,801,298 $1,170,991 |
$7,111,407 |
21 |
$13,737,984 |
$5,043,384 $1,229,550 |
$7,465,050 |
22 |
$14,424,952 |
$5,297,563 $1,291,033 |
$7,836,356 |
23 |
$15,145,976 |
$5,564,342 $1,355,565 |
$8,226,069 |
24 |
$15,903,464 |
$5,844,612 $1,423,360 |
$8,635,492 |
25 |
$16,698,448 |
$6,138,756 $1,494,511 |
$9,065,181 |
26 |
$17,533,680 |
$6,447,792 $1,569,264 |
$9,516,624 |
27 |
$18,410,192 |
$6,772,101 $1,647,712 |
$9,990,379 |
28 |
$19,330,736 |
$7,112,703 $1,730,101 |
$10,487,932 |
29 |
$20,297,376 |
$7,470,360 $1,816,615 |
$11,010,401 |
30 |
$21,312,176 |
$7,845,836 $1,907,440 |
$11,558,900 |
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