The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Wed Sep 17, 2025 |
|---|
| Draw Date | Wed Sep 17, 2025 | | Projected Jackpot | $81,000,000 | | Cash Value | $37,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,900,000 | | Federal Tax(24%) | $9,096,000 | | Additional Federal Tax | $4,887,330 | | State Tax(8.95%) | $3,392,050 | | Net Lumpsum Payment | $20,524,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$109,112 |
$698,610 |
| 2 |
$1,280,124 |
$433,976
$114,571 |
$731,577 |
| 3 |
$1,344,114 |
$457,653
$120,298 |
$766,163 |
| 4 |
$1,411,344 |
$482,528
$126,315 |
$802,501 |
| 5 |
$1,481,895 |
$508,632
$132,630 |
$840,633 |
| 6 |
$1,556,010 |
$536,054
$139,263 |
$880,693 |
| 7 |
$1,633,770 |
$564,825
$146,222 |
$922,723 |
| 8 |
$1,715,499 |
$595,065
$153,537 |
$966,897 |
| 9 |
$1,801,278 |
$626,803
$161,214 |
$1,013,261 |
| 10 |
$1,891,350 |
$660,130
$169,276 |
$1,061,944 |
| 11 |
$1,985,877 |
$695,105
$177,736 |
$1,113,036 |
| 12 |
$2,085,183 |
$731,848
$186,624 |
$1,166,711 |
| 13 |
$2,189,430 |
$770,419
$195,954 |
$1,223,057 |
| 14 |
$2,298,942 |
$810,939
$205,755 |
$1,282,248 |
| 15 |
$2,413,881 |
$853,466
$216,042 |
$1,344,373 |
| 16 |
$2,534,571 |
$898,122
$226,844 |
$1,409,605 |
| 17 |
$2,661,255 |
$944,995
$238,182 |
$1,478,078 |
| 18 |
$2,794,338 |
$994,235
$250,093 |
$1,550,010 |
| 19 |
$2,934,063 |
$1,045,934
$262,599 |
$1,625,530 |
| 20 |
$3,080,754 |
$1,100,209
$275,727 |
$1,704,818 |
| 21 |
$3,234,816 |
$1,157,212
$289,516 |
$1,788,088 |
| 22 |
$3,396,573 |
$1,217,062
$303,993 |
$1,875,518 |
| 23 |
$3,566,349 |
$1,279,880
$319,188 |
$1,967,281 |
| 24 |
$3,744,711 |
$1,345,873
$335,152 |
$2,063,686 |
| 25 |
$3,931,902 |
$1,415,134
$351,905 |
$2,164,863 |
| 26 |
$4,128,570 |
$1,487,901
$369,507 |
$2,271,162 |
| 27 |
$4,334,958 |
$1,564,265
$387,979 |
$2,382,714 |
| 28 |
$4,551,714 |
$1,644,465
$407,378 |
$2,499,871 |
| 29 |
$4,779,324 |
$1,728,680
$427,749 |
$2,622,895 |
| 30 |
$5,018,274 |
$1,817,092
$449,136 |
$2,752,046 |
|
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