USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Apr 22, 1992

For a non-Maryland resident

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $6,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Maryland

Drawing Date:Wed, Apr 22, 1992
Jackpot:$6,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$106,981$18,522$9,575$78,883
2$111,260$19,549$9,958$81,753
3$115,710$20,617$10,356$84,737
4$120,339$21,728$10,770$87,840
5$125,152$22,884$11,201$91,068
6$130,158$24,085$11,649$94,424
7$135,365$25,334$12,115$97,915
8$140,779$26,634$12,600$101,545
9$146,410$27,985$13,104$105,321
10$152,267$29,391$13,628$109,248
11$158,357$30,853$14,173$113,332
12$164,692$32,373$14,740$117,579
13$171,279$33,954$15,330$121,996
14$178,131$35,598$15,943$126,590
15$185,256$37,308$16,580$131,367
16$192,666$39,087$17,244$136,336
17$200,373$41,182$17,933$141,257
18$208,388$43,747$18,651$145,990
19$216,723$46,414$19,397$150,912
20$225,392$49,188$20,173$156,031
21$234,408$52,073$20,979$161,355
22$243,784$55,074$21,819$166,891
23$253,535$58,285$22,691$172,559
24$263,677$61,834$23,599$178,244
25$274,224$65,526$24,543$184,155
26$285,193$69,365$25,525$190,303
27$296,600$73,357$26,546$196,697
28$308,464$77,510$27,608$203,347
29$320,803$81,828$28,712$210,263
30$333,635$86,320$29,860$217,455
Total$6,000,000$1,307,605$537,002$4,155,393

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.