Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(8.95%)	$6,900,450
Net Lumpsum Payment	$41,712,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$226,307	$1,406,360
2	$2,655,072	-$942,707 -$237,629	$1,474,736
3	$2,787,792	-$991,813 -$249,507	$1,546,472
4	$2,927,232	-$1,043,406 -$261,987	$1,621,839
5	$3,073,560	-$1,097,548 -$275,084	$1,700,928
6	$3,227,280	-$1,154,424 -$288,842	$1,784,014
7	$3,388,560	-$1,214,098 -$303,276	$1,871,186
8	$3,558,072	-$1,276,817 -$318,447	$1,962,808
9	$3,735,984	-$1,342,644 -$334,371	$2,058,969
10	$3,922,800	-$1,411,766 -$351,091	$2,159,943
11	$4,118,856	-$1,484,307 -$368,638	$2,265,911
12	$4,324,824	-$1,560,515 -$387,072	$2,377,237
13	$4,541,040	-$1,640,515 -$406,423	$2,494,102
14	$4,768,176	-$1,724,556 -$426,752	$2,616,868
15	$5,006,568	-$1,812,761 -$448,088	$2,745,719
16	$5,256,888	-$1,905,379 -$470,491	$2,881,018
17	$5,519,640	-$2,002,597 -$494,008	$3,023,035
18	$5,795,664	-$2,104,726 -$518,712	$3,172,226
19	$6,085,464	-$2,211,952 -$544,649	$3,328,863
20	$6,389,712	-$2,324,524 -$571,879	$3,493,309
21	$6,709,248	-$2,442,752 -$600,478	$3,666,018
22	$7,044,744	-$2,566,886 -$630,505	$3,847,353
23	$7,396,872	-$2,697,173 -$662,020	$4,037,679
24	$7,766,808	-$2,834,049 -$695,129	$4,237,630
25	$8,155,056	-$2,977,701 -$729,878	$4,447,477
26	$8,562,960	-$3,128,626 -$766,385	$4,667,949
27	$8,991,024	-$3,287,009 -$804,697	$4,899,318
28	$9,440,592	-$3,453,349 -$844,933	$5,142,310
29	$9,912,672	-$3,628,019 -$887,184	$5,397,469
30	$10,408,272	-$3,811,391 -$931,540	$5,665,341