Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Maryland, your state will take 8.95% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Maryland Powerball Jackpot/Cash Option for Mon Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(8.95%)	$6,461,900
Net Lumpsum Payment	$39,063,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$207,448	$1,292,470
2	$2,433,816	-$860,842 -$217,827	$1,355,147
3	$2,555,476	-$905,857 -$228,715	$1,420,904
4	$2,683,296	-$953,150 -$240,155	$1,489,991
5	$2,817,430	-$1,002,779 -$252,160	$1,562,491
6	$2,958,340	-$1,054,916 -$264,771	$1,638,653
7	$3,106,180	-$1,109,617 -$278,003	$1,718,560
8	$3,261,566	-$1,167,110 -$291,910	$1,802,546
9	$3,424,652	-$1,227,452 -$306,506	$1,890,694
10	$3,595,900	-$1,290,813 -$321,833	$1,983,254
11	$3,775,618	-$1,357,309 -$337,918	$2,080,391
12	$3,964,422	-$1,427,167 -$354,816	$2,182,439
13	$4,162,620	-$1,500,500 -$372,554	$2,289,566
14	$4,370,828	-$1,577,537 -$391,189	$2,402,102
15	$4,589,354	-$1,658,391 -$410,747	$2,520,216
16	$4,818,814	-$1,743,292 -$431,284	$2,644,238
17	$5,059,670	-$1,832,408 -$452,840	$2,774,422
18	$5,312,692	-$1,926,026 -$475,486	$2,911,180
19	$5,578,342	-$2,024,317 -$499,262	$3,054,763
20	$5,857,236	-$2,127,508 -$524,223	$3,205,505
21	$6,150,144	-$2,235,884 -$550,438	$3,363,822
22	$6,457,682	-$2,349,673 -$577,963	$3,530,046
23	$6,780,466	-$2,469,103 -$606,852	$3,704,511
24	$7,119,574	-$2,594,573 -$637,202	$3,887,799
25	$7,475,468	-$2,726,254 -$669,054	$4,080,160
26	$7,849,380	-$2,864,601 -$702,520	$4,282,259
27	$8,241,772	-$3,009,786 -$737,639	$4,494,347
28	$8,653,876	-$3,162,265 -$774,522	$4,717,089
29	$9,086,616	-$3,322,378 -$813,252	$4,950,986
30	$9,540,916	-$3,490,469 -$853,912	$5,196,535