USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for May 17, 1997

For a non-Maryland resident

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The tax information provided here is based on 2024 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 $11,000,000 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:Sat, May 17, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$196,131$40,448$17,554$138,129
2$203,976$42,959$18,256$142,762
3$212,135$45,570$18,986$147,579
4$220,621$48,285$19,746$152,590
5$229,446$51,109$20,535$157,801
6$238,623$54,046$21,357$163,221
7$248,168$57,234$22,211$168,724
8$258,095$60,708$23,100$174,288
9$268,419$64,321$24,023$180,074
10$279,156$68,079$24,984$186,092
11$290,322$71,987$25,984$192,351
12$301,935$76,052$27,023$198,860
13$314,012$80,279$28,104$205,629
14$326,573$84,675$29,228$212,669
15$339,636$89,247$30,397$219,991
16$353,221$94,002$31,613$227,606
17$367,350$98,947$32,878$235,525
18$382,044$104,090$34,193$243,761
19$397,326$109,439$35,561$252,326
20$413,219$115,001$36,983$261,234
21$429,747$120,786$38,462$270,499
22$446,937$126,803$40,001$280,134
23$464,815$133,060$41,601$290,154
24$483,407$139,567$43,265$300,575
25$502,744$146,335$44,996$311,413
26$522,853$153,373$46,795$322,685
27$543,768$160,693$48,667$334,407
28$565,518$168,306$50,614$346,598
29$588,139$176,223$52,638$359,277
30$611,665$184,504$54,744$372,417
Total$11,000,000$2,966,128$984,499$7,049,371

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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.