USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for May 14, 2005

For a non-Maryland resident

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The tax information provided here is based on 2025 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 $112,000,000 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 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$178,729$1,122,343
2$2,076,850$725,455$185,878$1,165,517
3$2,159,924$756,192$193,313$1,210,419
4$2,246,321$788,159$201,046$1,257,116
5$2,336,174$821,405$209,088$1,305,682
6$2,429,621$855,980$217,451$1,356,190
7$2,526,806$891,938$226,149$1,408,718
8$2,627,878$929,335$235,195$1,463,348
9$2,732,993$968,228$244,603$1,520,162
10$2,842,313$1,008,676$254,387$1,579,250
11$2,956,005$1,050,742$264,562$1,640,700
12$3,074,245$1,094,491$275,145$1,704,609
13$3,197,215$1,139,990$286,151$1,771,074
14$3,325,104$1,187,309$297,597$1,840,198
15$3,458,108$1,236,520$309,501$1,912,087
16$3,596,432$1,287,700$321,881$1,986,851
17$3,740,289$1,340,927$334,756$2,064,606
18$3,889,901$1,396,284$348,146$2,145,471
19$4,045,497$1,453,854$362,072$2,229,571
20$4,207,317$1,513,728$376,555$2,317,035
21$4,375,610$1,575,996$391,617$2,407,997
22$4,550,634$1,640,755$407,282$2,502,597
23$4,732,659$1,708,104$423,573$2,600,982
24$4,921,966$1,778,148$440,516$2,703,302
25$5,118,844$1,850,993$458,137$2,809,715
26$5,323,598$1,926,752$476,462$2,920,385
27$5,536,542$2,005,541$495,521$3,035,481
28$5,758,004$2,087,482$515,341$3,155,181
29$5,988,324$2,172,700$535,955$3,279,669
30$6,227,857$2,261,327$557,393$3,409,136
Total$112,000,000$40,150,611$10,024,002$61,825,392

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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.