The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(8.95%) | $16,047,350 | | Net Lumpsum Payment | $96,951,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$506,496 |
$3,098,454 |
| 2 |
$5,942,304 |
$2,158,983
$531,836 |
$3,251,485 |
| 3 |
$6,239,344 |
$2,268,888
$558,421 |
$3,412,035 |
| 4 |
$6,551,424 |
$2,384,357
$586,352 |
$3,580,715 |
| 5 |
$6,878,920 |
$2,505,531
$615,663 |
$3,757,726 |
| 6 |
$7,222,960 |
$2,632,826
$646,455 |
$3,943,679 |
| 7 |
$7,583,920 |
$2,766,381
$678,761 |
$4,138,778 |
| 8 |
$7,963,304 |
$2,906,753
$712,716 |
$4,343,835 |
| 9 |
$8,361,488 |
$3,054,081
$748,353 |
$4,559,054 |
| 10 |
$8,779,600 |
$3,208,782
$785,774 |
$4,785,044 |
| 11 |
$9,218,392 |
$3,371,135
$825,046 |
$5,022,211 |
| 12 |
$9,679,368 |
$3,541,697
$866,303 |
$5,271,368 |
| 13 |
$10,163,280 |
$3,720,744
$909,614 |
$5,532,922 |
| 14 |
$10,671,632 |
$3,908,834
$955,111 |
$5,807,687 |
| 15 |
$11,205,176 |
$4,106,246
$1,002,863 |
$6,096,067 |
| 16 |
$11,765,416 |
$4,313,534
$1,053,005 |
$6,398,877 |
| 17 |
$12,353,480 |
$4,531,118
$1,105,636 |
$6,716,726 |
| 18 |
$12,971,248 |
$4,759,692
$1,160,927 |
$7,050,629 |
| 19 |
$13,619,848 |
$4,999,674
$1,218,976 |
$7,401,198 |
| 20 |
$14,300,784 |
$5,251,620
$1,279,920 |
$7,769,244 |
| 21 |
$15,015,936 |
$5,516,227
$1,343,926 |
$8,155,783 |
| 22 |
$15,766,808 |
$5,794,049
$1,411,129 |
$8,561,630 |
| 23 |
$16,554,904 |
$6,085,645
$1,481,664 |
$8,987,595 |
| 24 |
$17,382,856 |
$6,391,987
$1,555,766 |
$9,435,103 |
| 25 |
$18,251,792 |
$6,713,493
$1,633,535 |
$9,904,764 |
| 26 |
$19,164,720 |
$7,051,277
$1,715,242 |
$10,398,201 |
| 27 |
$20,122,768 |
$7,405,755
$1,800,988 |
$10,916,025 |
| 28 |
$21,128,944 |
$7,778,040
$1,891,040 |
$11,459,864 |
| 29 |
$22,185,504 |
$8,168,967
$1,985,603 |
$12,030,934 |
| 30 |
$23,294,704 |
$8,579,371
$2,084,876 |
$12,630,457 |
|
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