USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Mar 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 $18,900,000 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, Mar 18, 2000
Jackpot:$18,900,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$336,989$86,715$32,014$218,260
2$350,468$91,433$33,295$225,741
3$364,487$96,340$34,626$233,521
4$379,067$101,443$36,011$241,613
5$394,229$106,750$37,452$250,028
6$409,998$112,269$38,950$258,780
7$426,398$118,009$40,508$267,882
8$443,454$123,978$42,128$277,348
9$461,193$130,187$43,813$287,193
10$479,640$136,643$45,566$297,431
11$498,826$143,358$47,388$308,079
12$518,779$150,342$49,284$319,153
13$539,530$157,605$51,255$330,670
14$561,111$165,158$53,306$342,647
15$583,556$173,014$55,438$355,104
16$606,898$181,184$57,655$368,059
17$631,174$189,680$59,962$381,532
18$656,421$198,833$62,360$395,228
19$682,678$208,548$64,854$409,275
20$709,985$218,652$67,449$423,885
21$738,384$229,159$70,146$439,078
22$767,919$240,087$72,952$454,880
23$798,636$251,453$75,870$471,313
24$830,582$263,272$78,905$488,404
25$863,805$275,565$82,061$506,178
26$898,357$288,349$85,344$524,664
27$934,291$301,645$88,758$543,889
28$971,663$315,473$92,308$563,883
29$1,010,530$329,853$96,000$584,676
30$1,050,951$344,809$99,840$606,301
Total$18,900,000$5,729,806$1,795,498$11,374,695

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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.