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 $170,000,000 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:  Wed, Jan 25, 2017
Jackpot:$170,000,000
Federal Tax:  25%
State Tax:8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,558,744$639,686$223,890$1,695,168
2$2,686,681$671,670$235,085$1,779,926
3$2,821,015$705,254$246,839$1,868,923
4$2,962,066$740,517$259,181$1,962,369
5$3,110,169$777,542$272,140$2,060,487
6$3,265,678$816,419$285,747$2,163,511
7$3,428,962$857,240$300,034$2,271,687
8$3,600,410$900,102$315,036$2,385,271
9$3,780,430$945,108$330,788$2,504,535
10$3,969,452$992,363$347,327$2,629,762
11$4,167,924$1,041,981$364,693$2,761,250
12$4,376,321$1,094,080$382,928$2,899,312
13$4,595,137$1,148,784$402,074$3,044,278
14$4,824,893$1,206,223$422,178$3,196,492
15$5,066,138$1,266,535$443,287$3,356,316
16$5,319,445$1,329,861$465,451$3,524,132
17$5,585,417$1,396,354$488,724$3,700,339
18$5,864,688$1,466,172$513,160$3,885,356
19$6,157,922$1,539,481$538,818$4,079,624
20$6,465,819$1,616,455$565,759$4,283,605
21$6,789,109$1,697,277$594,047$4,497,785
22$7,128,565$1,782,141$623,749$4,722,674
23$7,484,993$1,871,248$654,937$4,958,808
24$7,859,243$1,964,811$687,684$5,206,748
25$8,252,205$2,063,051$722,068$5,467,086
26$8,664,815$2,166,204$758,171$5,740,440
27$9,098,056$2,274,514$796,080$6,027,462
28$9,552,959$2,388,240$835,884$6,328,835
29$10,030,607$2,507,652$877,678$6,645,277
30$10,532,137$2,633,034$921,562$6,977,541
Total$170,000,000$42,500,000$14,875,000$112,625,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2017 Speednet Group.  All rights reserved.