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 Date | Sat 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 |
|
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