USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 22, 2011

For a non-Maryland resident

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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 $148,600,000 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, Oct 22, 2011
Jackpot:$148,600,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,649,553$938,522$237,135$1,473,896
2$2,755,535$977,736$246,620$1,531,179
3$2,865,756$1,018,518$256,485$1,590,753
4$2,980,386$1,060,931$266,745$1,652,711
5$3,099,602$1,105,040$277,414$1,717,147
6$3,223,586$1,150,915$288,511$1,784,160
7$3,352,529$1,198,624$300,051$1,853,854
8$3,486,631$1,248,241$312,053$1,926,336
9$3,626,096$1,299,843$324,536$2,001,717
10$3,771,140$1,353,509$337,517$2,080,113
11$3,921,985$1,409,322$351,018$2,161,645
12$4,078,865$1,467,368$365,058$2,246,439
13$4,242,019$1,527,735$379,661$2,334,624
14$4,411,700$1,590,517$394,847$2,426,336
15$4,588,168$1,655,810$410,641$2,521,717
16$4,771,695$1,723,715$427,067$2,620,913
17$4,962,563$1,794,336$444,149$2,724,077
18$5,161,065$1,867,782$461,915$2,831,368
19$5,367,508$1,944,166$480,392$2,942,950
20$5,582,208$2,023,605$499,608$3,058,996
21$5,805,496$2,106,221$519,592$3,179,683
22$6,037,716$2,192,143$540,376$3,305,198
23$6,279,225$2,281,501$561,991$3,435,733
24$6,530,394$2,374,433$584,470$3,571,490
25$6,791,610$2,471,083$607,849$3,712,677
26$7,063,274$2,571,599$632,163$3,859,512
27$7,345,805$2,676,136$657,450$4,012,220
28$7,639,637$2,784,853$683,748$4,171,036
29$7,945,223$2,897,920$711,097$4,336,205
30$8,263,031$3,015,509$739,541$4,507,981
Total$148,600,000$53,727,633$13,299,700$81,572,666

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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.