USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Maryland

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $50,000,000 would be for a resident of Maryland, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Maryland

Drawing Date:  Sat, Jul 26, 2014
Jackpot:$50,000,000
Federal Tax:  25%
State Tax:8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$222,876$78,007$590,622
2$927,165$231,791$81,127$614,247
3$964,252$241,063$84,372$638,817
4$1,002,822$250,705$87,747$664,369
5$1,042,935$260,734$91,257$690,944
6$1,084,652$271,163$94,907$718,582
7$1,128,038$282,010$98,703$747,325
8$1,173,160$293,290$102,651$777,218
9$1,220,086$305,022$106,758$808,307
10$1,268,890$317,222$111,028$840,639
11$1,319,645$329,911$115,469$874,265
12$1,372,431$343,108$120,088$909,235
13$1,427,328$356,832$124,891$945,605
14$1,484,421$371,105$129,887$983,429
15$1,543,798$385,950$135,082$1,022,766
16$1,605,550$401,388$140,486$1,063,677
17$1,669,772$417,443$146,105$1,106,224
18$1,736,563$434,141$151,949$1,150,473
19$1,806,025$451,506$158,027$1,196,492
20$1,878,266$469,567$164,348$1,244,352
21$1,953,397$488,349$170,922$1,294,126
22$2,031,533$507,883$177,759$1,345,891
23$2,112,794$528,199$184,870$1,399,726
24$2,197,306$549,327$192,264$1,455,715
25$2,285,198$571,300$199,955$1,513,944
26$2,376,606$594,152$207,953$1,574,502
27$2,471,671$617,918$216,271$1,637,482
28$2,570,537$642,634$224,922$1,702,981
29$2,673,359$668,340$233,919$1,771,100
30$2,780,293$695,073$243,276$1,841,944
Total$50,000,000$12,500,000$4,375,000$33,125,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^

See more selections...


NetConnect
Internet domains, simple and cheap

Find a domain name:

  Home

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2014 Speednet Group.  All rights reserved.