USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 5, 2011

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 $60,200,000 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 5, 2011
Jackpot:$60,200,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,073,372$355,335$96,067$621,970
2$1,116,307$371,221$99,909$645,176
3$1,160,959$387,743$103,906$669,311
4$1,207,397$404,925$108,062$694,411
5$1,255,693$422,794$112,385$720,515
6$1,305,921$441,379$116,880$747,663
7$1,358,158$460,706$121,555$775,897
8$1,412,484$480,807$126,417$805,260
9$1,468,984$501,712$131,474$835,798
10$1,527,743$523,453$136,733$867,557
11$1,588,853$546,063$142,202$900,587
12$1,652,407$569,578$147,890$934,938
13$1,718,503$594,034$153,806$970,663
14$1,787,243$619,468$159,958$1,007,817
15$1,858,733$645,919$166,357$1,046,457
16$1,933,082$673,428$173,011$1,086,643
17$2,010,406$702,038$179,931$1,128,436
18$2,090,822$731,792$187,129$1,171,901
19$2,174,455$762,736$194,614$1,217,105
20$2,261,433$794,918$202,398$1,264,117
21$2,351,890$828,387$210,494$1,313,009
22$2,445,966$863,195$218,914$1,363,857
23$2,543,804$899,395$227,670$1,416,739
24$2,645,557$937,044$236,777$1,471,736
25$2,751,379$976,198$246,248$1,528,933
26$2,861,434$1,016,918$256,098$1,588,417
27$2,975,891$1,059,268$266,342$1,650,282
28$3,094,927$1,103,311$276,996$1,714,620
29$3,218,724$1,149,116$288,076$1,781,533
30$3,347,473$1,196,753$299,599$1,851,121
Total$60,200,000$21,019,634$5,387,898$33,792,469

◄ 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.