The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(8.95%) | $68,941,850 | | Net Lumpsum Payment | $416,386,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$2,290,010 |
$13,869,281 |
| 2 |
$26,866,800 |
$9,901,046
$2,404,579 |
$14,561,175 |
| 3 |
$28,209,800 |
$10,397,956
$2,524,777 |
$15,287,067 |
| 4 |
$29,620,800 |
$10,920,026
$2,651,062 |
$16,049,712 |
| 5 |
$31,101,500 |
$11,467,885
$2,783,584 |
$16,850,031 |
| 6 |
$32,657,000 |
$12,043,420
$2,922,802 |
$17,690,778 |
| 7 |
$34,289,000 |
$12,647,260
$3,068,866 |
$18,572,874 |
| 8 |
$36,004,300 |
$13,281,921
$3,222,385 |
$19,499,994 |
| 9 |
$37,804,600 |
$13,948,032
$3,383,512 |
$20,473,056 |
| 10 |
$39,695,000 |
$14,647,480
$3,552,703 |
$21,494,817 |
| 11 |
$41,678,900 |
$15,381,523
$3,730,262 |
$22,567,115 |
| 12 |
$43,763,100 |
$16,152,677
$3,916,797 |
$23,693,626 |
| 13 |
$45,951,000 |
$16,962,200
$4,112,615 |
$24,876,185 |
| 14 |
$48,249,400 |
$17,812,608
$4,318,321 |
$26,118,471 |
| 15 |
$50,661,700 |
$18,705,159
$4,534,222 |
$27,422,319 |
| 16 |
$53,194,700 |
$19,642,369
$4,760,926 |
$28,791,405 |
| 17 |
$55,853,500 |
$20,626,125
$4,998,888 |
$30,228,487 |
| 18 |
$58,646,600 |
$21,659,572
$5,248,871 |
$31,738,157 |
| 19 |
$61,579,100 |
$22,744,597
$5,511,329 |
$33,323,174 |
| 20 |
$64,657,800 |
$23,883,716
$5,786,873 |
$34,987,211 |
| 21 |
$67,891,200 |
$25,080,074
$6,076,262 |
$36,734,864 |
| 22 |
$71,286,100 |
$26,336,187
$6,380,106 |
$38,569,807 |
| 23 |
$74,849,300 |
$27,654,571
$6,699,012 |
$40,495,717 |
| 24 |
$78,592,700 |
$29,039,629
$7,034,047 |
$42,519,024 |
| 25 |
$82,521,400 |
$30,493,248
$7,385,665 |
$44,642,487 |
| 26 |
$86,649,000 |
$32,020,460
$7,755,086 |
$46,873,454 |
| 27 |
$90,980,600 |
$33,623,152
$8,142,764 |
$49,214,684 |
| 28 |
$95,529,800 |
$35,306,356
$8,549,917 |
$51,673,527 |
| 29 |
$100,306,800 |
$37,073,846
$8,977,459 |
$54,255,495 |
| 30 |
$105,321,800 |
$38,929,396
$9,426,301 |
$56,966,103 |
|
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