The jackpot for the Powerball draw on Mon Dec 8, 2025, is projected to be $875 Million, with an option for a cash payout of $403.6 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 Dec 8, 2025 |
|---|
| Draw Date | Mon Dec 8, 2025 | | Projected Jackpot | $875,000,000 | | Cash Value | $403,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $403,600,000 | | Federal Tax(24%) | $96,864,000 | | Additional Federal Tax | $52,428,330 | | State Tax(8.95%) | $36,122,200 | | Net Lumpsum Payment | $218,185,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$13,169,625 |
$4,833,092
$1,178,681 |
$7,157,852 |
| 2 |
$13,828,500 |
$5,076,875
$1,237,651 |
$7,513,974 |
| 3 |
$14,519,750 |
$5,332,638
$1,299,518 |
$7,887,594 |
| 4 |
$15,246,000 |
$5,601,350
$1,364,517 |
$8,280,133 |
| 5 |
$16,008,125 |
$5,883,337
$1,432,727 |
$8,692,061 |
| 6 |
$16,808,750 |
$6,179,568
$1,504,383 |
$9,124,799 |
| 7 |
$17,648,750 |
$6,490,368
$1,579,563 |
$9,578,819 |
| 8 |
$18,531,625 |
$6,817,032
$1,658,580 |
$10,056,013 |
| 9 |
$19,458,250 |
$7,159,883
$1,741,513 |
$10,556,854 |
| 10 |
$20,431,250 |
$7,519,893
$1,828,597 |
$11,082,760 |
| 11 |
$21,452,375 |
$7,897,709
$1,919,988 |
$11,634,678 |
| 12 |
$22,525,125 |
$8,294,627
$2,015,999 |
$12,214,499 |
| 13 |
$23,651,250 |
$8,711,293
$2,116,787 |
$12,823,170 |
| 14 |
$24,834,250 |
$9,149,003
$2,222,665 |
$13,462,582 |
| 15 |
$26,075,875 |
$9,608,404
$2,333,791 |
$14,133,680 |
| 16 |
$27,379,625 |
$10,090,792
$2,450,476 |
$14,838,357 |
| 17 |
$28,748,125 |
$10,597,137
$2,572,957 |
$15,578,031 |
| 18 |
$30,185,750 |
$11,129,058
$2,701,625 |
$16,355,067 |
| 19 |
$31,695,125 |
$11,687,527
$2,836,714 |
$17,170,884 |
| 20 |
$33,279,750 |
$12,273,838
$2,978,538 |
$18,027,374 |
| 21 |
$34,944,000 |
$12,889,610
$3,127,488 |
$18,926,902 |
| 22 |
$36,691,375 |
$13,536,139
$3,283,878 |
$19,871,358 |
| 23 |
$38,525,375 |
$14,214,719
$3,448,021 |
$20,862,635 |
| 24 |
$40,452,125 |
$14,927,617
$3,620,465 |
$21,904,043 |
| 25 |
$42,474,250 |
$15,675,803
$3,801,445 |
$22,997,002 |
| 26 |
$44,598,750 |
$16,461,868
$3,991,588 |
$24,145,294 |
| 27 |
$46,828,250 |
$17,286,783
$4,191,128 |
$25,350,339 |
| 28 |
$49,169,750 |
$18,153,138
$4,400,693 |
$26,615,919 |
| 29 |
$51,628,500 |
$19,062,875
$4,620,751 |
$27,944,874 |
| 30 |
$54,209,750 |
$20,017,938
$4,851,773 |
$29,340,039 |
|
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