The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(8.95%) | $6,640,900 | | Net Lumpsum Payment | $40,144,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$218,224 |
$1,357,551 |
| 2 |
$2,560,248 |
$907,622
$229,142 |
$1,423,484 |
| 3 |
$2,688,228 |
$954,975
$240,596 |
$1,492,657 |
| 4 |
$2,822,688 |
$1,004,725
$252,631 |
$1,565,332 |
| 5 |
$2,963,790 |
$1,056,933
$265,259 |
$1,641,598 |
| 6 |
$3,112,020 |
$1,111,778
$278,526 |
$1,721,716 |
| 7 |
$3,267,540 |
$1,169,320
$292,445 |
$1,805,775 |
| 8 |
$3,430,998 |
$1,229,800
$307,074 |
$1,894,124 |
| 9 |
$3,602,556 |
$1,293,276
$322,429 |
$1,986,851 |
| 10 |
$3,782,700 |
$1,359,929
$338,552 |
$2,084,219 |
| 11 |
$3,971,754 |
$1,429,879
$355,472 |
$2,186,403 |
| 12 |
$4,170,366 |
$1,503,366
$373,248 |
$2,293,752 |
| 13 |
$4,378,860 |
$1,580,509
$391,908 |
$2,406,443 |
| 14 |
$4,597,884 |
$1,661,547
$411,511 |
$2,524,826 |
| 15 |
$4,827,762 |
$1,746,602
$432,085 |
$2,649,075 |
| 16 |
$5,069,142 |
$1,835,913
$453,688 |
$2,779,541 |
| 17 |
$5,322,510 |
$1,929,659
$476,365 |
$2,916,486 |
| 18 |
$5,588,676 |
$2,028,141
$500,187 |
$3,060,348 |
| 19 |
$5,868,126 |
$2,131,537
$525,197 |
$3,211,392 |
| 20 |
$6,161,508 |
$2,240,088
$551,455 |
$3,369,965 |
| 21 |
$6,469,632 |
$2,354,094
$579,032 |
$3,536,506 |
| 22 |
$6,793,146 |
$2,473,794
$607,987 |
$3,711,365 |
| 23 |
$7,132,698 |
$2,599,429
$638,376 |
$3,894,893 |
| 24 |
$7,489,422 |
$2,731,417
$670,303 |
$4,087,702 |
| 25 |
$7,863,804 |
$2,869,938
$703,810 |
$4,290,056 |
| 26 |
$8,257,140 |
$3,015,472
$739,014 |
$4,502,654 |
| 27 |
$8,669,916 |
$3,168,199
$775,957 |
$4,725,760 |
| 28 |
$9,103,428 |
$3,328,599
$814,757 |
$4,960,072 |
| 29 |
$9,558,648 |
$3,497,030
$855,499 |
$5,206,119 |
| 30 |
$10,036,548 |
$3,673,853
$898,271 |
$5,464,424 |
|
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