The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(8.95%) | $45,054,300 | | Net Lumpsum Payment | $272,127,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$1,481,771 |
$8,988,242 |
| 2 |
$17,384,400 |
$6,392,558
$1,555,904 |
$9,435,938 |
| 3 |
$18,253,400 |
$6,714,088
$1,633,679 |
$9,905,633 |
| 4 |
$19,166,400 |
$7,051,898
$1,715,393 |
$10,399,109 |
| 5 |
$20,124,500 |
$7,406,395
$1,801,143 |
$10,916,962 |
| 6 |
$21,131,000 |
$7,778,800
$1,891,225 |
$11,460,975 |
| 7 |
$22,187,000 |
$8,169,520
$1,985,737 |
$12,031,743 |
| 8 |
$23,296,900 |
$8,580,183
$2,085,073 |
$12,631,644 |
| 9 |
$24,461,800 |
$9,011,196
$2,189,331 |
$13,261,273 |
| 10 |
$25,685,000 |
$9,463,780
$2,298,808 |
$13,922,412 |
| 11 |
$26,968,700 |
$9,938,749
$2,413,699 |
$14,616,252 |
| 12 |
$28,317,300 |
$10,437,731
$2,534,398 |
$15,345,171 |
| 13 |
$29,733,000 |
$10,961,540
$2,661,104 |
$16,110,356 |
| 14 |
$31,220,200 |
$11,511,804
$2,794,208 |
$16,914,188 |
| 15 |
$32,781,100 |
$12,089,337
$2,933,908 |
$17,757,855 |
| 16 |
$34,420,100 |
$12,695,767
$3,080,599 |
$18,643,734 |
| 17 |
$36,140,500 |
$13,332,315
$3,234,575 |
$19,573,610 |
| 18 |
$37,947,800 |
$14,001,016
$3,396,328 |
$20,550,456 |
| 19 |
$39,845,300 |
$14,703,091
$3,566,154 |
$21,576,055 |
| 20 |
$41,837,400 |
$15,440,168
$3,744,447 |
$22,652,785 |
| 21 |
$43,929,600 |
$16,214,282
$3,931,699 |
$23,783,619 |
| 22 |
$46,126,300 |
$17,027,061
$4,128,304 |
$24,970,935 |
| 23 |
$48,431,900 |
$17,880,133
$4,334,655 |
$26,217,112 |
| 24 |
$50,854,100 |
$18,776,347
$4,551,442 |
$27,526,311 |
| 25 |
$53,396,200 |
$19,716,924
$4,778,960 |
$28,900,316 |
| 26 |
$56,067,000 |
$20,705,120
$5,017,997 |
$30,343,883 |
| 27 |
$58,869,800 |
$21,742,156
$5,268,847 |
$31,858,797 |
| 28 |
$61,813,400 |
$22,831,288
$5,532,299 |
$33,449,813 |
| 29 |
$64,904,400 |
$23,974,958
$5,808,944 |
$35,120,498 |
| 30 |
$68,149,400 |
$25,175,608
$6,099,371 |
$36,874,421 |
|
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