The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(8.95%) | $6,900,450 | | Net Lumpsum Payment | $41,712,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$226,307 |
$1,406,360 |
| 2 |
$2,655,072 |
$942,707
$237,629 |
$1,474,736 |
| 3 |
$2,787,792 |
$991,813
$249,507 |
$1,546,472 |
| 4 |
$2,927,232 |
$1,043,406
$261,987 |
$1,621,839 |
| 5 |
$3,073,560 |
$1,097,548
$275,084 |
$1,700,928 |
| 6 |
$3,227,280 |
$1,154,424
$288,842 |
$1,784,014 |
| 7 |
$3,388,560 |
$1,214,098
$303,276 |
$1,871,186 |
| 8 |
$3,558,072 |
$1,276,817
$318,447 |
$1,962,808 |
| 9 |
$3,735,984 |
$1,342,644
$334,371 |
$2,058,969 |
| 10 |
$3,922,800 |
$1,411,766
$351,091 |
$2,159,943 |
| 11 |
$4,118,856 |
$1,484,307
$368,638 |
$2,265,911 |
| 12 |
$4,324,824 |
$1,560,515
$387,072 |
$2,377,237 |
| 13 |
$4,541,040 |
$1,640,515
$406,423 |
$2,494,102 |
| 14 |
$4,768,176 |
$1,724,556
$426,752 |
$2,616,868 |
| 15 |
$5,006,568 |
$1,812,761
$448,088 |
$2,745,719 |
| 16 |
$5,256,888 |
$1,905,379
$470,491 |
$2,881,018 |
| 17 |
$5,519,640 |
$2,002,597
$494,008 |
$3,023,035 |
| 18 |
$5,795,664 |
$2,104,726
$518,712 |
$3,172,226 |
| 19 |
$6,085,464 |
$2,211,952
$544,649 |
$3,328,863 |
| 20 |
$6,389,712 |
$2,324,524
$571,879 |
$3,493,309 |
| 21 |
$6,709,248 |
$2,442,752
$600,478 |
$3,666,018 |
| 22 |
$7,044,744 |
$2,566,886
$630,505 |
$3,847,353 |
| 23 |
$7,396,872 |
$2,697,173
$662,020 |
$4,037,679 |
| 24 |
$7,766,808 |
$2,834,049
$695,129 |
$4,237,630 |
| 25 |
$8,155,056 |
$2,977,701
$729,878 |
$4,447,477 |
| 26 |
$8,562,960 |
$3,128,626
$766,385 |
$4,667,949 |
| 27 |
$8,991,024 |
$3,287,009
$804,697 |
$4,899,318 |
| 28 |
$9,440,592 |
$3,453,349
$844,933 |
$5,142,310 |
| 29 |
$9,912,672 |
$3,628,019
$887,184 |
$5,397,469 |
| 30 |
$10,408,272 |
$3,811,391
$931,540 |
$5,665,341 |
|
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