Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(8.95%)	$10,811,600
Net Lumpsum Payment	$65,332,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$347,543	$2,138,516
2	$4,077,432	-$1,468,980 -$364,930	$2,243,522
3	$4,281,252	-$1,544,394 -$383,172	$2,353,686
4	$4,495,392	-$1,623,625 -$402,338	$2,469,429
5	$4,720,110	-$1,706,771 -$422,450	$2,590,889
6	$4,956,180	-$1,794,117 -$443,578	$2,718,485
7	$5,203,860	-$1,885,759 -$465,745	$2,852,356
8	$5,464,182	-$1,982,078 -$489,044	$2,993,060
9	$5,737,404	-$2,083,170 -$513,498	$3,140,736
10	$6,024,300	-$2,189,321 -$539,175	$3,295,804
11	$6,325,386	-$2,300,723 -$566,122	$3,458,541
12	$6,641,694	-$2,417,757 -$594,432	$3,629,505
13	$6,973,740	-$2,540,614 -$624,150	$3,808,976
14	$7,322,556	-$2,669,676 -$655,369	$3,997,511
15	$7,688,658	-$2,805,134 -$688,135	$4,195,389
16	$8,073,078	-$2,947,369 -$722,540	$4,403,169
17	$8,476,590	-$3,096,669 -$758,655	$4,621,266
18	$8,900,484	-$3,253,509 -$796,593	$4,850,382
19	$9,345,534	-$3,418,178 -$836,425	$5,090,931
20	$9,812,772	-$3,591,056 -$878,243	$5,343,473
21	$10,303,488	-$3,772,621 -$922,162	$5,608,705
22	$10,818,714	-$3,963,255 -$968,275	$5,887,184
23	$11,359,482	-$4,163,339 -$1,016,674	$6,179,469
24	$11,927,598	-$4,373,542 -$1,067,520	$6,486,536
25	$12,523,836	-$4,594,150 -$1,120,883	$6,808,803
26	$13,150,260	-$4,825,927 -$1,176,948	$7,147,385
27	$13,807,644	-$5,069,159 -$1,235,784	$7,502,701
28	$14,498,052	-$5,324,610 -$1,297,576	$7,875,866
29	$15,223,032	-$5,592,852 -$1,362,461	$8,267,719
30	$15,984,132	-$5,874,459 -$1,430,580	$8,679,093