USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 27, 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 $79,400,000 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 27, 2010
Jackpot:$79,400,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,415,710$479,770$134,492$801,448
2$1,472,338$500,722$139,872$831,744
3$1,531,232$522,513$145,467$863,252
4$1,592,481$545,175$151,286$896,020
5$1,656,180$568,744$157,337$930,099
6$1,722,428$593,255$163,631$965,541
7$1,791,325$618,747$170,176$1,002,401
8$1,862,978$645,259$176,983$1,040,736
9$1,937,497$672,831$184,062$1,080,603
10$2,014,997$701,506$191,425$1,122,066
11$2,095,596$731,328$199,082$1,165,187
12$2,179,420$762,343$207,045$1,210,033
13$2,266,597$794,598$215,327$1,256,672
14$2,357,261$828,144$223,940$1,305,177
15$2,451,551$863,031$232,897$1,355,623
16$2,549,613$899,314$242,213$1,408,086
17$2,651,598$937,049$251,902$1,462,648
18$2,757,662$976,292$261,978$1,519,392
19$2,867,968$1,017,106$272,457$1,578,406
20$2,982,687$1,059,552$283,355$1,639,780
21$3,101,995$1,103,695$294,689$1,703,610
22$3,226,074$1,149,605$306,477$1,769,993
23$3,355,117$1,197,351$318,736$1,839,031
24$3,489,322$1,247,006$331,486$1,910,830
25$3,628,895$1,298,648$344,745$1,985,502
26$3,774,051$1,352,356$358,535$2,063,160
27$3,925,013$1,408,212$372,876$2,143,925
28$4,082,013$1,466,302$387,791$2,227,920
29$4,245,294$1,526,716$403,303$2,315,275
30$4,415,106$1,589,546$419,435$2,406,124
Total$79,400,000$28,056,716$7,543,000$43,800,284

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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.