The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(8.95%) | $11,957,200 | | Net Lumpsum Payment | $72,250,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$421,631 |
$2,585,945 |
| 2 |
$4,946,652 |
$1,790,592
$442,725 |
$2,713,335 |
| 3 |
$5,193,922 |
$1,882,082
$464,856 |
$2,846,984 |
| 4 |
$5,453,712 |
$1,978,204
$488,107 |
$2,987,401 |
| 5 |
$5,726,335 |
$2,079,074
$512,507 |
$3,134,754 |
| 6 |
$6,012,730 |
$2,185,040
$538,139 |
$3,289,551 |
| 7 |
$6,313,210 |
$2,296,218
$565,032 |
$3,451,960 |
| 8 |
$6,629,027 |
$2,413,070
$593,298 |
$3,622,659 |
| 9 |
$6,960,494 |
$2,535,713
$622,964 |
$3,801,817 |
| 10 |
$7,308,550 |
$2,664,494
$654,115 |
$3,989,941 |
| 11 |
$7,673,821 |
$2,799,644
$686,807 |
$4,187,370 |
| 12 |
$8,057,559 |
$2,941,627
$721,152 |
$4,394,780 |
| 13 |
$8,460,390 |
$3,090,675
$757,205 |
$4,612,510 |
| 14 |
$8,883,566 |
$3,247,250
$795,079 |
$4,841,237 |
| 15 |
$9,327,713 |
$3,411,584
$834,830 |
$5,081,299 |
| 16 |
$9,794,083 |
$3,584,141
$876,570 |
$5,333,372 |
| 17 |
$10,283,615 |
$3,765,268
$920,384 |
$5,597,963 |
| 18 |
$10,797,874 |
$3,955,544
$966,410 |
$5,875,920 |
| 19 |
$11,337,799 |
$4,155,316
$1,014,733 |
$6,167,750 |
| 20 |
$11,904,642 |
$4,365,048
$1,065,465 |
$6,474,129 |
| 21 |
$12,499,968 |
$4,585,319
$1,118,747 |
$6,795,902 |
| 22 |
$13,125,029 |
$4,816,591
$1,174,690 |
$7,133,748 |
| 23 |
$13,781,077 |
$5,059,329
$1,233,406 |
$7,488,342 |
| 24 |
$14,470,303 |
$5,314,342
$1,295,092 |
$7,860,869 |
| 25 |
$15,193,646 |
$5,581,979
$1,359,831 |
$8,251,836 |
| 26 |
$15,953,610 |
$5,863,166
$1,427,848 |
$8,662,596 |
| 27 |
$16,751,134 |
$6,158,250
$1,499,226 |
$9,093,658 |
| 28 |
$17,588,722 |
$6,468,158
$1,574,191 |
$9,546,373 |
| 29 |
$18,468,252 |
$6,793,584
$1,652,909 |
$10,021,759 |
| 30 |
$19,391,602 |
$7,135,223
$1,735,548 |
$10,520,831 |
|
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