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 |
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Draw Date | Sat Jul 19, 2025 | Projected Jackpot | $288,000,000 | Cash Value | $130,600,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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