USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $59,900,000 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 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$95,588$619,079
2$1,110,744$369,163$99,412$642,169
3$1,155,174$385,602$103,388$666,184
4$1,201,381$402,699$107,524$691,158
5$1,249,436$420,479$111,825$717,132
6$1,299,413$438,971$116,297$744,145
7$1,351,390$458,202$120,949$772,238
8$1,405,445$478,203$125,787$801,455
9$1,461,663$499,003$130,819$831,841
10$1,520,130$520,636$136,052$863,442
11$1,580,935$543,134$141,494$896,308
12$1,644,172$566,531$147,153$930,487
13$1,709,939$590,865$153,040$966,034
14$1,778,337$616,172$159,161$1,003,003
15$1,849,470$642,492$165,528$1,041,451
16$1,923,449$669,864$172,149$1,081,436
17$2,000,387$698,331$179,035$1,123,021
18$2,080,402$727,937$186,196$1,166,270
19$2,163,619$758,727$193,644$1,211,248
20$2,250,163$790,748$201,390$1,258,025
21$2,340,170$824,051$209,445$1,306,674
22$2,433,777$858,685$217,823$1,357,268
23$2,531,128$894,705$226,536$1,409,887
24$2,632,373$932,166$235,597$1,464,610
25$2,737,668$971,125$245,021$1,521,522
26$2,847,174$1,011,642$254,822$1,580,710
27$2,961,061$1,053,780$265,015$1,642,266
28$3,079,504$1,097,604$275,616$1,706,284
29$3,202,684$1,143,181$286,640$1,772,863
30$3,330,791$1,190,581$298,106$1,842,105
Total$59,900,000$20,908,635$5,361,052$33,630,315

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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.