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 |
|---|
| Draw Date | Sat Oct 25, 2025 | | Projected Jackpot | $344,000,000 | | Cash Value | $163,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| 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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