The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(8.95%) | $19,591,550 | | Net Lumpsum Payment | $118,355,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$649,285 |
$3,960,771 |
| 2 |
$7,617,528 |
$2,778,816
$681,769 |
$4,156,943 |
| 3 |
$7,998,308 |
$2,919,704
$715,849 |
$4,362,755 |
| 4 |
$8,398,368 |
$3,067,727
$751,654 |
$4,578,987 |
| 5 |
$8,818,190 |
$3,223,061
$789,228 |
$4,805,901 |
| 6 |
$9,259,220 |
$3,386,242
$828,700 |
$5,044,278 |
| 7 |
$9,721,940 |
$3,557,448
$870,114 |
$5,294,378 |
| 8 |
$10,208,278 |
$3,737,393
$913,641 |
$5,557,244 |
| 9 |
$10,718,716 |
$3,926,255
$959,325 |
$5,833,136 |
| 10 |
$11,254,700 |
$4,124,569
$1,007,296 |
$6,122,835 |
| 11 |
$11,817,194 |
$4,332,692
$1,057,639 |
$6,426,863 |
| 12 |
$12,408,126 |
$4,551,337
$1,110,527 |
$6,746,262 |
| 13 |
$13,028,460 |
$4,780,861
$1,166,047 |
$7,081,552 |
| 14 |
$13,680,124 |
$5,021,976
$1,224,371 |
$7,433,777 |
| 15 |
$14,364,082 |
$5,275,041
$1,285,585 |
$7,803,456 |
| 16 |
$15,082,262 |
$5,540,767
$1,349,862 |
$8,191,633 |
| 17 |
$15,836,110 |
$5,819,691
$1,417,332 |
$8,599,087 |
| 18 |
$16,628,036 |
$6,112,704
$1,488,209 |
$9,027,123 |
| 19 |
$17,459,486 |
$6,420,340
$1,562,624 |
$9,476,522 |
| 20 |
$18,332,388 |
$6,743,314
$1,640,749 |
$9,948,325 |
| 21 |
$19,249,152 |
$7,082,517
$1,722,799 |
$10,443,836 |
| 22 |
$20,211,706 |
$7,438,662
$1,808,948 |
$10,964,096 |
| 23 |
$21,221,978 |
$7,812,462
$1,899,367 |
$11,510,149 |
| 24 |
$22,283,342 |
$8,205,167
$1,994,359 |
$12,083,816 |
| 25 |
$23,397,244 |
$8,617,311
$2,094,053 |
$12,685,880 |
| 26 |
$24,567,540 |
$9,050,320
$2,198,795 |
$13,318,425 |
| 27 |
$25,795,676 |
$9,504,731
$2,308,713 |
$13,982,232 |
| 28 |
$27,085,508 |
$9,981,968
$2,424,153 |
$14,679,387 |
| 29 |
$28,439,928 |
$10,483,104
$2,545,374 |
$15,411,450 |
| 30 |
$29,861,828 |
$11,009,207
$2,672,634 |
$16,179,987 |
|
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