USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 4, 2000

For a non-Maryland resident

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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 $47,500,000 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 4, 2000
Jackpot:$47,500,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$846,930$269,321$80,458$497,150
2$880,807$281,856$83,677$515,274
3$916,039$294,892$87,024$534,124
4$952,681$308,449$90,505$553,727
5$990,788$322,549$94,125$574,114
6$1,030,419$337,212$97,890$595,317
7$1,071,636$352,463$101,805$617,368
8$1,114,502$368,323$105,878$640,301
9$1,159,082$384,818$110,113$664,152
10$1,205,445$401,972$114,517$688,956
11$1,253,663$419,813$119,098$714,752
12$1,303,809$438,367$123,862$741,581
13$1,355,962$457,663$128,816$769,482
14$1,410,200$477,731$133,969$798,500
15$1,466,608$498,602$139,328$828,678
16$1,525,273$520,308$144,901$860,064
17$1,586,283$542,882$150,697$892,704
18$1,649,735$566,359$156,725$926,651
19$1,715,724$590,775$162,994$961,955
20$1,784,353$616,168$169,514$998,672
21$1,855,727$642,576$176,294$1,036,857
22$1,929,956$670,041$183,346$1,076,569
23$2,007,155$698,604$190,680$1,117,870
24$2,087,441$728,310$198,307$1,160,824
25$2,170,938$759,204$206,239$1,205,495
26$2,257,776$791,334$214,489$1,251,953
27$2,348,087$824,749$223,068$1,300,269
28$2,442,011$859,501$231,991$1,350,518
29$2,539,691$895,643$241,271$1,402,777
30$2,641,279$933,230$250,921$1,457,127
Total$47,500,000$16,253,715$4,512,502$26,733,781

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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.