Maryland Lottery

MDLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 Sat May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(8.95%)	$6,766,200
Net Lumpsum Payment	$40,901,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$231,695	$1,438,901
2	$2,718,288	-$966,097 -$243,287	$1,508,904
3	$2,854,168	-$1,016,373 -$255,448	$1,582,347
4	$2,996,928	-$1,069,194 -$268,225	$1,659,509
5	$3,146,740	-$1,124,624 -$281,633	$1,740,483
6	$3,304,120	-$1,182,855 -$295,719	$1,825,546
7	$3,469,240	-$1,243,949 -$310,497	$1,914,794
8	$3,642,788	-$1,308,162 -$326,030	$2,008,596
9	$3,824,936	-$1,375,557 -$342,332	$2,107,047
10	$4,016,200	-$1,446,324 -$359,450	$2,210,426
11	$4,216,924	-$1,520,592 -$377,415	$2,318,917
12	$4,427,796	-$1,598,615 -$396,288	$2,432,893
13	$4,649,160	-$1,680,520 -$416,100	$2,552,540
14	$4,881,704	-$1,766,561 -$436,913	$2,678,230
15	$5,125,772	-$1,856,866 -$458,757	$2,810,149
16	$5,382,052	-$1,951,690 -$481,694	$2,948,668
17	$5,651,060	-$2,051,223 -$505,770	$3,094,067
18	$5,933,656	-$2,155,783 -$531,062	$3,246,811
19	$6,230,356	-$2,265,562 -$557,617	$3,407,177
20	$6,541,848	-$2,380,814 -$585,495	$3,575,539
21	$6,868,992	-$2,501,857 -$614,775	$3,752,360
22	$7,212,476	-$2,628,947 -$645,517	$3,938,012
23	$7,572,988	-$2,762,336 -$677,782	$4,132,870
24	$7,951,732	-$2,902,471 -$711,680	$4,337,581
25	$8,349,224	-$3,049,543 -$747,256	$4,552,425
26	$8,766,840	-$3,204,061 -$784,632	$4,778,147
27	$9,205,096	-$3,366,216 -$823,856	$5,015,024
28	$9,665,368	-$3,536,517 -$865,050	$5,263,801
29	$10,148,688	-$3,715,345 -$908,308	$5,525,035
30	$10,656,088	-$3,903,083 -$953,720	$5,799,285