The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Wed Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(8.95%) | $7,795,450 | | Net Lumpsum Payment | $47,117,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$261,331 |
$1,617,872 |
| 2 |
$3,065,976 |
$1,094,742
$274,405 |
$1,696,829 |
| 3 |
$3,219,236 |
$1,151,448
$288,122 |
$1,779,666 |
| 4 |
$3,380,256 |
$1,211,025
$302,533 |
$1,866,698 |
| 5 |
$3,549,230 |
$1,273,545
$317,656 |
$1,958,029 |
| 6 |
$3,726,740 |
$1,339,224
$333,543 |
$2,053,973 |
| 7 |
$3,912,980 |
$1,408,133
$350,212 |
$2,154,635 |
| 8 |
$4,108,726 |
$1,480,559
$367,731 |
$2,260,436 |
| 9 |
$4,314,172 |
$1,556,574
$386,118 |
$2,371,480 |
| 10 |
$4,529,900 |
$1,636,393
$405,426 |
$2,488,081 |
| 11 |
$4,756,298 |
$1,720,161
$425,689 |
$2,610,448 |
| 12 |
$4,994,142 |
$1,808,163
$446,976 |
$2,739,003 |
| 13 |
$5,243,820 |
$1,900,544
$469,322 |
$2,873,954 |
| 14 |
$5,506,108 |
$1,997,590
$492,797 |
$3,015,721 |
| 15 |
$5,781,394 |
$2,099,446
$517,435 |
$3,164,513 |
| 16 |
$6,070,454 |
$2,206,398
$543,306 |
$3,320,750 |
| 17 |
$6,373,870 |
$2,318,662
$570,461 |
$3,484,747 |
| 18 |
$6,692,612 |
$2,436,597
$598,989 |
$3,657,026 |
| 19 |
$7,027,262 |
$2,560,417
$628,940 |
$3,837,905 |
| 20 |
$7,378,596 |
$2,690,411
$660,384 |
$4,027,801 |
| 21 |
$7,747,584 |
$2,826,936
$693,409 |
$4,227,239 |
| 22 |
$8,135,002 |
$2,970,281
$728,083 |
$4,436,638 |
| 23 |
$8,541,626 |
$3,120,732
$764,476 |
$4,656,418 |
| 24 |
$8,968,814 |
$3,278,792
$802,709 |
$4,887,313 |
| 25 |
$9,417,148 |
$3,444,675
$842,835 |
$5,129,638 |
| 26 |
$9,888,180 |
$3,618,957
$884,992 |
$5,384,231 |
| 27 |
$10,382,492 |
$3,801,852
$929,233 |
$5,651,407 |
| 28 |
$10,901,636 |
$3,993,936
$975,696 |
$5,932,004 |
| 29 |
$11,446,776 |
$4,195,638
$1,024,486 |
$6,226,652 |
| 30 |
$12,019,076 |
$4,407,389
$1,075,707 |
$6,535,980 |
|
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