The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(8.95%) | $38,386,550 | | Net Lumpsum Payment | $231,860,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$1,279,711 |
$7,767,982 |
| 2 |
$15,013,800 |
$5,515,436
$1,343,735 |
$8,154,629 |
| 3 |
$15,764,300 |
$5,793,121
$1,410,905 |
$8,560,274 |
| 4 |
$16,552,800 |
$6,084,866
$1,481,476 |
$8,986,458 |
| 5 |
$17,380,250 |
$6,391,023
$1,555,532 |
$9,433,695 |
| 6 |
$18,249,500 |
$6,712,645
$1,633,330 |
$9,903,525 |
| 7 |
$19,161,500 |
$7,050,085
$1,714,954 |
$10,396,461 |
| 8 |
$20,120,050 |
$7,404,749
$1,800,744 |
$10,914,557 |
| 9 |
$21,126,100 |
$7,776,987
$1,890,786 |
$11,458,327 |
| 10 |
$22,182,500 |
$8,167,855
$1,985,334 |
$12,029,311 |
| 11 |
$23,291,150 |
$8,578,056
$2,084,558 |
$12,628,536 |
| 12 |
$24,455,850 |
$9,008,995
$2,188,799 |
$13,258,056 |
| 13 |
$25,678,500 |
$9,461,375
$2,298,226 |
$13,918,899 |
| 14 |
$26,962,900 |
$9,936,603
$2,413,180 |
$14,613,117 |
| 15 |
$28,310,950 |
$10,435,382
$2,533,830 |
$15,341,738 |
| 16 |
$29,726,450 |
$10,959,117
$2,660,517 |
$16,106,816 |
| 17 |
$31,212,250 |
$11,508,863
$2,793,496 |
$16,909,891 |
| 18 |
$32,773,100 |
$12,086,377
$2,933,192 |
$17,753,531 |
| 19 |
$34,411,850 |
$12,692,715
$3,079,861 |
$18,639,274 |
| 20 |
$36,132,300 |
$13,329,281
$3,233,841 |
$19,569,178 |
| 21 |
$37,939,200 |
$13,997,834
$3,395,558 |
$20,545,808 |
| 22 |
$39,836,350 |
$14,699,780
$3,565,353 |
$21,571,217 |
| 23 |
$41,827,550 |
$15,436,524
$3,743,566 |
$22,647,460 |
| 24 |
$43,919,450 |
$16,210,527
$3,930,791 |
$23,778,132 |
| 25 |
$46,114,900 |
$17,022,843
$4,127,284 |
$24,964,773 |
| 26 |
$48,421,500 |
$17,876,285
$4,333,724 |
$26,211,491 |
| 27 |
$50,842,100 |
$18,771,907
$4,550,368 |
$27,519,825 |
| 28 |
$53,384,300 |
$19,712,521
$4,777,895 |
$28,893,884 |
| 29 |
$56,053,800 |
$20,700,236
$5,016,815 |
$30,336,749 |
| 30 |
$58,856,300 |
$21,737,161
$5,267,639 |
$31,851,500 |
|
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