The jackpot for the Powerball draw on Sat Sep 5, 2026, is projected to be $173 Million, with an option for a cash payout of $75 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 Sep 5, 2026 |
|---|
| Draw Date | Sat Sep 5, 2026 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,000,000 | | Federal Tax(24%) | $18,000,000 | | Additional Federal Tax | $9,710,330 | | State Tax(8.95%) | $6,712,500 | | Net Lumpsum Payment | $40,577,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$233,042 |
$1,447,036 |
| 2 |
$2,734,092 |
$971,944
$244,701 |
$1,517,447 |
| 3 |
$2,870,762 |
$1,022,512
$256,933 |
$1,591,317 |
| 4 |
$3,014,352 |
$1,075,641
$269,785 |
$1,668,926 |
| 5 |
$3,165,035 |
$1,131,393
$283,271 |
$1,750,371 |
| 6 |
$3,323,330 |
$1,189,962
$297,438 |
$1,835,930 |
| 7 |
$3,489,410 |
$1,251,412
$312,302 |
$1,925,696 |
| 8 |
$3,663,967 |
$1,315,998
$327,925 |
$2,020,044 |
| 9 |
$3,847,174 |
$1,383,785
$344,322 |
$2,119,067 |
| 10 |
$4,039,550 |
$1,454,964
$361,540 |
$2,223,046 |
| 11 |
$4,241,441 |
$1,529,664
$379,609 |
$2,332,168 |
| 12 |
$4,453,539 |
$1,608,140
$398,592 |
$2,446,807 |
| 13 |
$4,676,190 |
$1,690,521
$418,519 |
$2,567,150 |
| 14 |
$4,910,086 |
$1,777,062
$439,453 |
$2,693,571 |
| 15 |
$5,155,573 |
$1,867,892
$461,424 |
$2,826,257 |
| 16 |
$5,413,343 |
$1,963,267
$484,494 |
$2,965,582 |
| 17 |
$5,683,915 |
$2,063,379
$508,710 |
$3,111,826 |
| 18 |
$5,968,154 |
$2,168,547
$534,150 |
$3,265,457 |
| 19 |
$6,266,579 |
$2,278,965
$560,859 |
$3,426,755 |
| 20 |
$6,579,882 |
$2,394,887
$588,899 |
$3,596,096 |
| 21 |
$6,908,928 |
$2,516,634
$618,349 |
$3,773,945 |
| 22 |
$7,254,409 |
$2,644,462
$649,270 |
$3,960,677 |
| 23 |
$7,617,017 |
$2,778,627
$681,723 |
$4,156,667 |
| 24 |
$7,997,963 |
$2,919,577
$715,818 |
$4,362,568 |
| 25 |
$8,397,766 |
$3,067,504
$751,600 |
$4,578,662 |
| 26 |
$8,817,810 |
$3,222,920
$789,194 |
$4,805,696 |
| 27 |
$9,258,614 |
$3,386,018
$828,646 |
$5,043,950 |
| 28 |
$9,721,562 |
$3,557,308
$870,080 |
$5,294,174 |
| 29 |
$10,207,692 |
$3,737,176
$913,588 |
$5,556,928 |
| 30 |
$10,718,042 |
$3,926,006
$959,265 |
$5,832,771 |
|
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