Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(8.95%)	$3,553,150
Net Lumpsum Payment	$21,497,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$117,195	$747,420
2	$1,374,948	-$469,061 -$123,058	$782,829
3	$1,443,678	-$494,491 -$129,209	$819,978
4	$1,515,888	-$521,209 -$135,672	$859,007
5	$1,591,665	-$549,246 -$142,454	$899,965
6	$1,671,270	-$578,700 -$149,579	$942,991
7	$1,754,790	-$609,603 -$157,054	$988,133
8	$1,842,573	-$642,082 -$164,910	$1,035,581
9	$1,934,706	-$676,172 -$173,156	$1,085,378
10	$2,031,450	-$711,967 -$181,815	$1,137,668
11	$2,132,979	-$749,533 -$190,902	$1,192,544
12	$2,239,641	-$788,998 -$200,448	$1,250,195
13	$2,351,610	-$830,426 -$210,469	$1,310,715
14	$2,469,234	-$873,947 -$220,996	$1,374,291
15	$2,592,687	-$919,625 -$232,045	$1,441,017
16	$2,722,317	-$967,588 -$243,647	$1,511,082
17	$2,858,385	-$1,017,933 -$255,825	$1,584,627
18	$3,001,326	-$1,070,821 -$268,619	$1,661,886
19	$3,151,401	-$1,126,349 -$282,050	$1,743,002
20	$3,308,958	-$1,184,645 -$296,152	$1,828,161
21	$3,474,432	-$1,245,870 -$310,962	$1,917,600
22	$3,648,171	-$1,310,154 -$326,511	$2,011,506
23	$3,830,523	-$1,377,624 -$342,832	$2,110,067
24	$4,022,097	-$1,448,506 -$359,978	$2,213,613
25	$4,223,154	-$1,522,897 -$377,972	$2,322,285
26	$4,434,390	-$1,601,055 -$396,878	$2,436,457
27	$4,656,066	-$1,683,075 -$416,718	$2,556,273
28	$4,888,878	-$1,769,215 -$437,555	$2,682,108
29	$5,133,348	-$1,859,669 -$459,435	$2,814,244
30	$5,389,998	-$1,954,630 -$482,405	$2,952,963