Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(8.95%)	$1,897,400
Net Lumpsum Payment	$11,498,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$61,965	$413,883
2	$726,984	-$229,314 -$65,065	$432,605
3	$763,324	-$242,760 -$68,317	$452,247
4	$801,504	-$256,887 -$71,735	$472,882
5	$841,570	-$271,711 -$75,321	$494,538
6	$883,660	-$287,285 -$79,088	$517,287
7	$927,820	-$303,624 -$83,040	$541,156
8	$974,234	-$320,797 -$87,194	$566,243
9	$1,022,948	-$338,821 -$91,554	$592,573
10	$1,074,100	-$357,747 -$96,132	$620,221
11	$1,127,782	-$377,610 -$100,936	$649,236
12	$1,184,178	-$398,476 -$105,984	$679,718
13	$1,243,380	-$420,381 -$111,283	$711,716
14	$1,305,572	-$443,392 -$116,849	$745,331
15	$1,370,846	-$467,543 -$122,691	$780,612
16	$1,439,386	-$492,903 -$128,825	$817,658
17	$1,511,330	-$519,522 -$135,264	$856,544
18	$1,586,908	-$547,486 -$142,028	$897,394
19	$1,666,258	-$576,846 -$149,130	$940,282
20	$1,749,564	-$607,669 -$156,586	$985,309
21	$1,837,056	-$640,041 -$164,417	$1,032,598
22	$1,928,918	-$674,030 -$172,638	$1,082,250
23	$2,025,334	-$709,704 -$181,267	$1,134,363
24	$2,126,626	-$747,182 -$190,333	$1,189,111
25	$2,232,932	-$786,515 -$199,847	$1,246,570
26	$2,344,620	-$827,840 -$209,843	$1,306,937
27	$2,461,828	-$871,207 -$220,334	$1,370,287
28	$2,584,924	-$916,752 -$231,351	$1,436,821
29	$2,714,184	-$964,578 -$242,919	$1,506,687
30	$2,849,884	-$1,014,787 -$255,065	$1,580,032