Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(8.95%)	$17,318,250
Net Lumpsum Payment	$104,626,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$573,849	$3,505,208
2	$6,732,504	-$2,451,357 -$602,559	$3,678,588
3	$7,069,044	-$2,575,877 -$632,679	$3,860,488
4	$7,422,624	-$2,706,701 -$664,325	$4,051,598
5	$7,793,670	-$2,843,988 -$697,533	$4,252,149
6	$8,183,460	-$2,988,211 -$732,420	$4,462,829
7	$8,592,420	-$3,139,526 -$769,022	$4,683,872
8	$9,022,254	-$3,298,564 -$807,492	$4,916,198
9	$9,473,388	-$3,465,484 -$847,868	$5,160,036
10	$9,947,100	-$3,640,757 -$890,265	$5,416,078
11	$10,444,242	-$3,824,700 -$934,760	$5,684,782
12	$10,966,518	-$4,017,942 -$981,503	$5,967,073
13	$11,514,780	-$4,220,799 -$1,030,573	$6,263,408
14	$12,090,732	-$4,433,901 -$1,082,121	$6,574,710
15	$12,695,226	-$4,657,564 -$1,136,223	$6,901,439
16	$13,329,966	-$4,892,418 -$1,193,032	$7,244,516
17	$13,996,230	-$5,138,935 -$1,252,663	$7,604,632
18	$14,696,148	-$5,397,905 -$1,315,305	$7,982,938
19	$15,430,998	-$5,669,800 -$1,381,074	$8,380,124
20	$16,202,484	-$5,955,249 -$1,450,122	$8,797,113
21	$17,012,736	-$6,255,043 -$1,522,640	$9,235,053
22	$17,863,458	-$6,569,810 -$1,598,779	$9,694,869
23	$18,756,354	-$6,900,181 -$1,678,694	$10,177,479
24	$19,694,406	-$7,247,261 -$1,762,649	$10,684,496
25	$20,678,892	-$7,611,520 -$1,850,761	$11,216,611
26	$21,713,220	-$7,994,222 -$1,943,333	$11,775,665
27	$22,798,668	-$8,395,838 -$2,040,481	$12,362,349
28	$23,938,644	-$8,817,629 -$2,142,509	$12,978,506
29	$25,135,704	-$9,260,541 -$2,249,646	$13,625,517
30	$26,392,404	-$9,725,520 -$2,362,120	$14,304,764