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 $80,000,000 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, May 25, 2016
Jackpot:$80,000,000
Federal Tax:  25%
State Tax:8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$301,029$105,360$797,726
2$1,264,321$316,080$110,628$837,612
3$1,327,537$331,884$116,159$879,493
4$1,393,913$348,478$121,967$923,468
5$1,463,609$365,902$128,066$969,641
6$1,536,790$384,197$134,469$1,018,123
7$1,613,629$403,407$141,193$1,069,029
8$1,694,310$423,578$148,252$1,122,481
9$1,779,026$444,757$155,665$1,178,605
10$1,867,977$466,994$163,448$1,237,535
11$1,961,376$490,344$171,620$1,299,412
12$2,059,445$514,861$180,201$1,364,382
13$2,162,417$540,604$189,212$1,432,601
14$2,270,538$567,635$198,672$1,504,231
15$2,384,065$596,016$208,606$1,579,443
16$2,503,268$625,817$219,036$1,658,415
17$2,628,432$657,108$229,988$1,741,336
18$2,759,853$689,963$241,487$1,828,403
19$2,897,846$724,461$253,562$1,919,823
20$3,042,738$760,685$266,240$2,015,814
21$3,194,875$798,719$279,552$2,116,605
22$3,354,619$838,655$293,529$2,222,435
23$3,522,350$880,587$308,206$2,333,557
24$3,698,467$924,617$323,616$2,450,235
25$3,883,391$970,848$339,797$2,572,746
26$4,077,560$1,019,390$356,787$2,701,384
27$4,281,438$1,070,360$374,626$2,836,453
28$4,495,510$1,123,878$393,357$2,978,275
29$4,720,286$1,180,071$413,025$3,127,189
30$4,956,300$1,239,075$433,676$3,283,549
Total$80,000,000$20,000,000$7,000,000$53,000,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.