USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 18, 2000

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The tax information provided here is based on 2026 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 $76,500,000 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, Nov 18, 2000
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$460,638$129,580$773,784
2$1,418,563$480,825$134,763$802,974
3$1,475,305$501,820$140,154$833,331
4$1,534,317$523,655$145,760$864,903
5$1,595,690$546,363$151,591$897,737
6$1,659,518$569,979$157,654$931,885
7$1,725,898$594,540$163,960$967,398
8$1,794,934$620,083$170,519$1,004,333
9$1,866,732$646,648$177,340$1,042,744
10$1,941,401$674,276$184,433$1,082,692
11$2,019,057$703,008$191,810$1,124,238
12$2,099,819$732,890$199,483$1,167,446
13$2,183,812$763,968$207,462$1,212,382
14$2,271,165$796,288$215,761$1,259,116
15$2,362,011$829,901$224,391$1,307,719
16$2,456,492$864,859$233,367$1,358,266
17$2,554,751$901,215$242,701$1,410,835
18$2,656,941$939,026$252,409$1,465,506
19$2,763,219$978,348$262,506$1,522,365
20$2,873,748$1,019,244$273,006$1,581,498
21$2,988,698$1,061,775$283,926$1,642,996
22$3,108,246$1,106,008$295,283$1,706,954
23$3,232,575$1,152,010$307,095$1,773,471
24$3,361,878$1,199,852$319,378$1,842,648
25$3,496,354$1,249,608$332,154$1,914,592
26$3,636,208$1,301,354$345,440$1,989,414
27$3,781,656$1,355,170$359,257$2,067,229
28$3,932,922$1,411,138$373,628$2,148,156
29$4,090,239$1,469,346$388,573$2,232,321
30$4,253,849$1,529,881$404,116$2,319,852
Total$76,500,000$26,983,716$7,267,500$42,248,785

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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.