USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 20, 2010

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 $46,100,000 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:Wed, Oct 20, 2010
Jackpot:$46,100,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$821,968$260,085$78,087$483,795
2$854,846$272,250$81,210$501,386
3$889,040$284,902$84,459$519,679
4$924,602$298,060$87,837$538,705
5$961,586$311,744$91,351$558,491
6$1,000,049$325,975$95,005$579,069
7$1,040,051$340,776$98,805$600,470
8$1,081,653$356,169$102,757$622,727
9$1,124,919$372,177$106,867$645,875
10$1,169,916$388,826$111,142$669,948
11$1,216,713$406,141$115,588$694,984
12$1,265,381$424,148$120,211$721,022
13$1,315,997$442,876$125,020$748,101
14$1,368,636$462,353$130,020$776,263
15$1,423,382$482,609$135,221$805,552
16$1,480,317$503,675$140,630$836,012
17$1,539,530$525,583$146,255$867,691
18$1,601,111$548,368$152,106$900,637
19$1,665,155$572,065$158,190$934,901
20$1,731,762$596,709$164,517$970,535
21$1,801,032$622,339$171,098$1,007,595
22$1,873,073$648,994$177,942$1,046,137
23$1,947,996$676,716$185,060$1,086,221
24$2,025,916$705,546$192,462$1,127,908
25$2,106,953$735,530$200,161$1,171,263
26$2,191,231$766,713$208,167$1,216,351
27$2,278,880$799,143$216,494$1,263,244
28$2,370,035$832,870$225,153$1,312,012
29$2,464,837$867,947$234,160$1,362,730
30$2,563,430$904,426$243,526$1,415,478
Total$46,100,000$15,735,715$4,379,501$25,984,782

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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.