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

Powerball Annuity Jackpot Analysis for Maryland (Nov. 7, 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 $71,000,000 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. 7, 2018
Jackpot:$71,000,000
Federal Tax:  24%
State Tax:8.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,652$256,476$93,507$718,668
2$1,122,084$269,300$98,182$754,602
3$1,178,189$282,765$103,092$792,332
4$1,237,098$296,904$108,246$831,949
5$1,298,953$311,749$113,658$873,546
6$1,363,901$327,336$119,341$917,223
7$1,432,096$343,703$125,308$963,084
8$1,503,701$360,888$131,574$1,011,239
9$1,578,886$378,933$138,152$1,061,801
10$1,657,830$397,879$145,060$1,114,891
11$1,740,721$417,773$152,313$1,170,635
12$1,827,757$438,662$159,929$1,229,167
13$1,919,145$460,595$167,925$1,290,625
14$2,015,103$483,625$176,321$1,355,156
15$2,115,858$507,806$185,138$1,422,914
16$2,221,651$533,196$194,394$1,494,060
17$2,332,733$559,856$204,114$1,568,763
18$2,449,370$587,849$214,320$1,647,201
19$2,571,838$617,241$225,036$1,729,561
20$2,700,430$648,103$236,288$1,816,039
21$2,835,452$680,508$248,102$1,906,841
22$2,977,224$714,534$260,507$2,002,183
23$3,126,085$750,260$273,532$2,102,292
24$3,282,390$787,774$287,209$2,207,407
25$3,446,509$827,162$301,570$2,317,777
26$3,618,835$868,520$316,648$2,433,666
27$3,799,776$911,946$332,480$2,555,350
28$3,989,765$957,544$349,104$2,683,117
29$4,189,253$1,005,421$366,560$2,817,273
30$4,398,716$1,055,692$384,888$2,958,137
Total$71,000,000$17,040,000$6,212,500$47,747,500
<( 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.