USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for May 13, 2000

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $35,100,000 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 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$56,012$380,077
2$650,870$199,010$58,253$393,607
3$676,905$208,643$60,583$407,679
4$703,981$218,661$63,006$422,314
5$732,140$229,080$65,527$437,534
6$761,426$239,915$68,148$453,363
7$791,883$251,184$70,874$469,825
8$823,558$262,904$73,708$486,945
9$856,500$275,093$76,657$504,751
10$890,760$287,769$79,723$523,268
11$926,391$300,952$82,912$542,527
12$963,447$314,663$86,228$562,555
13$1,001,984$328,922$89,678$583,385
14$1,042,064$343,751$93,265$605,048
15$1,083,746$359,174$96,995$627,577
16$1,127,096$375,213$100,875$651,008
17$1,172,180$391,894$104,910$675,376
18$1,219,067$409,243$109,107$700,718
19$1,267,830$427,285$113,471$727,074
20$1,318,543$446,049$118,010$754,485
21$1,371,285$465,563$122,730$782,992
22$1,426,136$485,858$127,639$812,639
23$1,483,182$506,965$132,745$843,472
24$1,542,509$528,916$138,055$875,538
25$1,604,209$551,745$143,577$908,887
26$1,668,378$575,487$149,320$943,570
27$1,735,113$600,179$155,293$979,641
28$1,804,517$625,859$161,504$1,017,154
29$1,876,698$652,566$167,964$1,056,167
30$1,951,766$680,341$174,683$1,096,742
Total$35,100,000$11,732,631$3,141,452$20,225,918

◄ Back to Jackpot Analysis

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.