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

Powerball Annuity Jackpot Analysis for Maryland (Nov. 10, 2018 Drawing)

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 $92,000,000 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:  Nov. 10, 2018
Jackpot:$92,000,000
Federal Tax:  24%
State Tax:8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,384,732$332,336$121,164$931,232
2$1,453,969$348,952$127,222$977,794
3$1,526,667$366,400$133,583$1,026,684
4$1,603,000$384,720$140,263$1,078,018
5$1,683,150$403,956$147,276$1,131,919
6$1,767,308$424,154$154,639$1,188,515
7$1,855,673$445,362$162,371$1,247,940
8$1,948,457$467,630$170,490$1,310,337
9$2,045,880$491,011$179,014$1,375,854
10$2,148,174$515,562$187,965$1,444,647
11$2,255,583$541,340$197,363$1,516,879
12$2,368,362$568,407$207,232$1,592,723
13$2,486,780$596,827$217,593$1,672,359
14$2,611,119$626,669$228,473$1,755,977
15$2,741,675$658,002$239,897$1,843,776
16$2,878,758$690,902$251,891$1,935,965
17$3,022,696$725,447$264,486$2,032,763
18$3,173,831$761,719$277,710$2,134,401
19$3,332,523$799,805$291,596$2,241,122
20$3,499,149$839,796$306,176$2,353,178
21$3,674,106$881,786$321,484$2,470,836
22$3,857,812$925,875$337,559$2,594,378
23$4,050,702$972,169$354,436$2,724,097
24$4,253,237$1,020,777$372,158$2,860,302
25$4,465,899$1,071,816$390,766$3,003,317
26$4,689,194$1,125,407$410,304$3,153,483
27$4,923,654$1,181,677$430,820$3,311,157
28$5,169,837$1,240,761$452,361$3,476,715
29$5,428,328$1,302,799$474,979$3,650,551
30$5,699,745$1,367,939$498,728$3,833,078
Total$92,000,000$22,080,000$8,050,000$61,870,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.