USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 8, 2010

For a non-Maryland resident

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 $63,700,000 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, Sep 8, 2010
Jackpot:$63,700,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,135,777$378,425$101,652$655,700
2$1,181,208$395,235$105,718$680,255
3$1,228,457$412,717$109,947$705,793
4$1,277,595$430,898$114,345$732,352
5$1,328,699$449,806$118,919$759,974
6$1,381,847$469,471$123,675$788,700
7$1,437,121$489,922$128,622$818,576
8$1,494,605$511,192$133,767$849,647
9$1,554,390$533,312$139,118$881,960
10$1,616,565$556,317$144,683$915,566
11$1,681,228$580,242$150,470$950,516
12$1,748,477$605,124$156,489$986,864
13$1,818,416$631,002$162,748$1,024,666
14$1,891,153$657,914$169,258$1,063,980
15$1,966,799$685,903$176,028$1,104,867
16$2,045,471$715,012$183,070$1,147,389
17$2,127,290$745,285$190,392$1,191,612
18$2,212,381$776,769$198,008$1,237,604
19$2,300,876$809,512$205,928$1,285,436
20$2,392,911$843,565$214,166$1,335,181
21$2,488,628$878,980$222,732$1,386,916
22$2,588,173$915,812$231,641$1,440,720
23$2,691,700$954,117$240,907$1,496,676
24$2,799,368$993,954$250,543$1,554,871
25$2,911,343$1,035,385$260,565$1,615,393
26$3,027,796$1,078,472$270,988$1,678,336
27$3,148,908$1,123,284$281,827$1,743,797
28$3,274,865$1,169,888$293,100$1,811,877
29$3,405,859$1,218,356$304,824$1,882,679
30$3,542,094$1,268,762$317,017$1,956,314
Total$63,700,000$22,314,633$5,701,147$35,684,217

◄ 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.