The jackpot for the Powerball draw on Sat Oct 11, 2025, is projected to be $244 Million, with an option for a cash payout of $114.2 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 11, 2025 |
|---|
| Draw Date | Sat Oct 11, 2025 | | Projected Jackpot | $244,000,000 | | Cash Value | $114,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $114,200,000 | | Federal Tax(24%) | $27,408,000 | | Additional Federal Tax | $14,806,330 | | State Tax(8.95%) | $10,220,900 | | Net Lumpsum Payment | $61,764,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$328,684 |
$2,024,625 |
| 2 |
$3,856,176 |
$1,387,116
$345,128 |
$2,123,932 |
| 3 |
$4,048,936 |
$1,458,437
$362,380 |
$2,228,119 |
| 4 |
$4,251,456 |
$1,533,369
$380,505 |
$2,337,582 |
| 5 |
$4,463,980 |
$1,612,003
$399,526 |
$2,452,451 |
| 6 |
$4,687,240 |
$1,694,609
$419,508 |
$2,573,123 |
| 7 |
$4,921,480 |
$1,781,278
$440,472 |
$2,699,730 |
| 8 |
$5,167,676 |
$1,872,371
$462,507 |
$2,832,798 |
| 9 |
$5,426,072 |
$1,967,977
$485,633 |
$2,972,462 |
| 10 |
$5,697,400 |
$2,068,368
$509,917 |
$3,119,115 |
| 11 |
$5,982,148 |
$2,173,725
$535,402 |
$3,273,021 |
| 12 |
$6,281,292 |
$2,284,408
$562,176 |
$3,434,708 |
| 13 |
$6,595,320 |
$2,400,599
$590,281 |
$3,604,440 |
| 14 |
$6,925,208 |
$2,522,657
$619,806 |
$3,782,745 |
| 15 |
$7,271,444 |
$2,650,765
$650,794 |
$3,969,885 |
| 16 |
$7,635,004 |
$2,785,282
$683,333 |
$4,166,389 |
| 17 |
$8,016,620 |
$2,926,480
$717,487 |
$4,372,653 |
| 18 |
$8,417,512 |
$3,074,810
$753,367 |
$4,589,335 |
| 19 |
$8,838,412 |
$3,230,543
$791,038 |
$4,816,831 |
| 20 |
$9,280,296 |
$3,394,040
$830,586 |
$5,055,670 |
| 21 |
$9,744,384 |
$3,565,752
$872,122 |
$5,306,510 |
| 22 |
$10,231,652 |
$3,746,042
$915,733 |
$5,569,877 |
| 23 |
$10,743,076 |
$3,935,269
$961,505 |
$5,846,302 |
| 24 |
$11,280,364 |
$4,134,065
$1,009,593 |
$6,136,706 |
| 25 |
$11,844,248 |
$4,342,702
$1,060,060 |
$6,441,486 |
| 26 |
$12,436,680 |
$4,561,902
$1,113,083 |
$6,761,695 |
| 27 |
$13,058,392 |
$4,791,935
$1,168,726 |
$7,097,731 |
| 28 |
$13,711,336 |
$5,033,525
$1,227,165 |
$7,450,646 |
| 29 |
$14,396,976 |
$5,287,212
$1,288,529 |
$7,821,235 |
| 30 |
$15,116,776 |
$5,553,538
$1,352,951 |
$8,210,287 |
|
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