Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(8.95%)	$44,606,800
Net Lumpsum Payment	$269,424,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$1,481,771	$8,988,242
2	$17,384,400	-$6,392,558 -$1,555,904	$9,435,938
3	$18,253,400	-$6,714,088 -$1,633,679	$9,905,633
4	$19,166,400	-$7,051,898 -$1,715,393	$10,399,109
5	$20,124,500	-$7,406,395 -$1,801,143	$10,916,962
6	$21,131,000	-$7,778,800 -$1,891,225	$11,460,975
7	$22,187,000	-$8,169,520 -$1,985,737	$12,031,743
8	$23,296,900	-$8,580,183 -$2,085,073	$12,631,644
9	$24,461,800	-$9,011,196 -$2,189,331	$13,261,273
10	$25,685,000	-$9,463,780 -$2,298,808	$13,922,412
11	$26,968,700	-$9,938,749 -$2,413,699	$14,616,252
12	$28,317,300	-$10,437,731 -$2,534,398	$15,345,171
13	$29,733,000	-$10,961,540 -$2,661,104	$16,110,356
14	$31,220,200	-$11,511,804 -$2,794,208	$16,914,188
15	$32,781,100	-$12,089,337 -$2,933,908	$17,757,855
16	$34,420,100	-$12,695,767 -$3,080,599	$18,643,734
17	$36,140,500	-$13,332,315 -$3,234,575	$19,573,610
18	$37,947,800	-$14,001,016 -$3,396,328	$20,550,456
19	$39,845,300	-$14,703,091 -$3,566,154	$21,576,055
20	$41,837,400	-$15,440,168 -$3,744,447	$22,652,785
21	$43,929,600	-$16,214,282 -$3,931,699	$23,783,619
22	$46,126,300	-$17,027,061 -$4,128,304	$24,970,935
23	$48,431,900	-$17,880,133 -$4,334,655	$26,217,112
24	$50,854,100	-$18,776,347 -$4,551,442	$27,526,311
25	$53,396,200	-$19,716,924 -$4,778,960	$28,900,316
26	$56,067,000	-$20,705,120 -$5,017,997	$30,343,883
27	$58,869,800	-$21,742,156 -$5,268,847	$31,858,797
28	$61,813,400	-$22,831,288 -$5,532,299	$33,449,813
29	$64,904,400	-$23,974,958 -$5,808,944	$35,120,498
30	$68,149,400	-$25,175,608 -$6,099,371	$36,874,421