The jackpot for the Powerball draw on Wed Mar 25, 2026, is projected to be $147 Million, with an option for a cash payout of $66.6 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 Wed Mar 25, 2026 |
|---|
| Draw Date | Wed Mar 25, 2026 | | Projected Jackpot | $147,000,000 | | Cash Value | $66,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,600,000 | | Federal Tax(24%) | $15,984,000 | | Additional Federal Tax | $8,618,330 | | State Tax(8.95%) | $5,960,700 | | Net Lumpsum Payment | $36,036,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,212,497 |
$778,954
$198,018 |
$1,235,525 |
| 2 |
$2,323,188 |
$819,910
$207,925 |
$1,295,353 |
| 3 |
$2,439,318 |
$862,878
$218,319 |
$1,358,121 |
| 4 |
$2,561,328 |
$908,022
$229,239 |
$1,424,067 |
| 5 |
$2,689,365 |
$955,395
$240,698 |
$1,493,272 |
| 6 |
$2,823,870 |
$1,005,162
$252,736 |
$1,565,972 |
| 7 |
$2,964,990 |
$1,057,377
$265,367 |
$1,642,246 |
| 8 |
$3,113,313 |
$1,112,256
$278,642 |
$1,722,415 |
| 9 |
$3,268,986 |
$1,169,855
$292,574 |
$1,806,557 |
| 10 |
$3,432,450 |
$1,230,337
$307,204 |
$1,894,909 |
| 11 |
$3,603,999 |
$1,293,810
$322,558 |
$1,987,631 |
| 12 |
$3,784,221 |
$1,360,492
$338,688 |
$2,085,041 |
| 13 |
$3,973,410 |
$1,430,492
$355,620 |
$2,187,298 |
| 14 |
$4,172,154 |
$1,504,027
$373,408 |
$2,294,719 |
| 15 |
$4,380,747 |
$1,581,207
$392,077 |
$2,407,463 |
| 16 |
$4,599,777 |
$1,662,248
$411,680 |
$2,525,849 |
| 17 |
$4,829,685 |
$1,747,314
$432,257 |
$2,650,114 |
| 18 |
$5,071,206 |
$1,836,677
$453,873 |
$2,780,656 |
| 19 |
$5,324,781 |
$1,930,499
$476,568 |
$2,917,714 |
| 20 |
$5,590,998 |
$2,029,000
$500,394 |
$3,061,604 |
| 21 |
$5,870,592 |
$2,132,449
$525,418 |
$3,212,725 |
| 22 |
$6,164,151 |
$2,241,066
$551,692 |
$3,371,393 |
| 23 |
$6,472,263 |
$2,355,068
$579,268 |
$3,537,927 |
| 24 |
$6,795,957 |
$2,474,834
$608,238 |
$3,712,885 |
| 25 |
$7,135,674 |
$2,600,530
$638,643 |
$3,896,501 |
| 26 |
$7,492,590 |
$2,732,589
$670,587 |
$4,089,414 |
| 27 |
$7,867,146 |
$2,871,174
$704,110 |
$4,291,862 |
| 28 |
$8,260,518 |
$3,016,722
$739,316 |
$4,504,480 |
| 29 |
$8,673,588 |
$3,169,558
$776,286 |
$4,727,744 |
| 30 |
$9,107,238 |
$3,330,008
$815,098 |
$4,962,132 |
|
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