Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(8.95%)	$27,136,400
Net Lumpsum Payment	$163,919,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$880,980	$5,360,003
2	$10,335,816	-$3,784,582 -$925,056	$5,626,178
3	$10,852,476	-$3,975,747 -$971,297	$5,905,432
4	$11,395,296	-$4,176,590 -$1,019,879	$6,198,827
5	$11,964,930	-$4,387,354 -$1,070,861	$6,506,715
6	$12,563,340	-$4,608,766 -$1,124,419	$6,830,155
7	$13,191,180	-$4,841,067 -$1,180,611	$7,169,502
8	$13,851,066	-$5,085,225 -$1,239,670	$7,526,171
9	$14,543,652	-$5,341,482 -$1,301,657	$7,900,513
10	$15,270,900	-$5,610,563 -$1,366,746	$8,293,591
11	$16,034,118	-$5,892,954 -$1,435,054	$8,706,110
12	$16,835,922	-$6,189,622 -$1,506,815	$9,139,485
13	$17,677,620	-$6,501,050 -$1,582,147	$9,594,423
14	$18,561,828	-$6,828,207 -$1,661,284	$10,072,337
15	$19,489,854	-$7,171,576 -$1,744,342	$10,573,936
16	$20,464,314	-$7,532,127 -$1,831,556	$11,100,631
17	$21,487,170	-$7,910,583 -$1,923,102	$11,653,485
18	$22,561,692	-$8,308,156 -$2,019,271	$12,234,265
19	$23,689,842	-$8,725,572 -$2,120,241	$12,844,029
20	$24,874,236	-$9,163,798 -$2,226,244	$13,484,194
21	$26,118,144	-$9,624,044 -$2,337,574	$14,156,526
22	$27,424,182	-$10,107,278 -$2,454,464	$14,862,440
23	$28,794,966	-$10,614,468 -$2,577,149	$15,603,349
24	$30,235,074	-$11,147,308 -$2,706,039	$16,381,727
25	$31,746,468	-$11,706,524 -$2,841,309	$17,198,635
26	$33,334,380	-$12,294,051 -$2,983,427	$18,056,902
27	$35,000,772	-$12,910,616 -$3,132,569	$18,957,587
28	$36,750,876	-$13,558,155 -$3,289,203	$19,903,518
29	$38,588,616	-$14,238,118 -$3,453,681	$20,896,817
30	$40,517,916	-$14,951,959 -$3,626,353	$21,939,604