The jackpot for the Powerball draw on Mon Mar 30, 2026, is projected to be $180 Million, with an option for a cash payout of $80.8 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 Mar 30, 2026 |
|---|
| Draw Date | Mon Mar 30, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $80,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $80,800,000 | | Federal Tax(24%) | $19,392,000 | | Additional Federal Tax | $10,464,330 | | State Tax(8.95%) | $7,231,600 | | Net Lumpsum Payment | $43,712,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$242,472 |
$1,503,981 |
| 2 |
$2,844,720 |
$1,012,877
$254,602 |
$1,577,241 |
| 3 |
$2,986,920 |
$1,065,491
$267,329 |
$1,654,100 |
| 4 |
$3,136,320 |
$1,120,769
$280,701 |
$1,734,850 |
| 5 |
$3,293,100 |
$1,178,777
$294,732 |
$1,819,591 |
| 6 |
$3,457,800 |
$1,239,716
$309,473 |
$1,908,611 |
| 7 |
$3,630,600 |
$1,303,652
$324,939 |
$2,002,009 |
| 8 |
$3,812,220 |
$1,370,852
$341,194 |
$2,100,174 |
| 9 |
$4,002,840 |
$1,441,381
$358,254 |
$2,203,205 |
| 10 |
$4,203,000 |
$1,515,440
$376,169 |
$2,311,391 |
| 11 |
$4,413,060 |
$1,593,163
$394,969 |
$2,424,928 |
| 12 |
$4,633,740 |
$1,674,814
$414,720 |
$2,544,206 |
| 13 |
$4,865,400 |
$1,760,528
$435,453 |
$2,669,419 |
| 14 |
$5,108,760 |
$1,850,572
$457,234 |
$2,800,954 |
| 15 |
$5,364,180 |
$1,945,077
$480,094 |
$2,939,009 |
| 16 |
$5,632,380 |
$2,044,311
$504,098 |
$3,083,971 |
| 17 |
$5,913,900 |
$2,148,473
$529,294 |
$3,236,133 |
| 18 |
$6,209,640 |
$2,257,897
$555,763 |
$3,395,980 |
| 19 |
$6,520,140 |
$2,372,782
$583,553 |
$3,563,805 |
| 20 |
$6,846,120 |
$2,493,395
$612,728 |
$3,739,997 |
| 21 |
$7,188,480 |
$2,620,068
$643,369 |
$3,925,043 |
| 22 |
$7,547,940 |
$2,753,068
$675,541 |
$4,119,331 |
| 23 |
$7,925,220 |
$2,892,662
$709,307 |
$4,323,251 |
| 24 |
$8,321,580 |
$3,039,315
$744,781 |
$4,537,484 |
| 25 |
$8,737,560 |
$3,193,228
$782,012 |
$4,762,320 |
| 26 |
$9,174,600 |
$3,354,932
$821,127 |
$4,998,541 |
| 27 |
$9,633,240 |
$3,524,629
$862,175 |
$5,246,436 |
| 28 |
$10,114,920 |
$3,702,851
$905,285 |
$5,506,784 |
| 29 |
$10,620,720 |
$3,889,997
$950,554 |
$5,780,169 |
| 30 |
$11,151,720 |
$4,086,467
$998,079 |
$6,067,174 |
|
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