USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,635,180$405,651$2,491,581
2$4,713,708$1,702,260$421,877$2,589,571
3$4,902,256$1,772,022$438,752$2,691,482
4$5,098,346$1,844,576$456,302$2,797,468
5$5,302,280$1,920,031$474,554$2,907,695
6$5,514,371$1,998,505$493,536$3,022,330
7$5,734,946$2,080,118$513,278$3,141,551
8$5,964,344$2,164,995$533,809$3,265,540
9$6,202,918$2,253,267$555,161$3,394,489
10$6,451,034$2,345,070$577,368$3,528,596
11$6,709,076$2,440,546$600,462$3,668,068
12$6,977,439$2,539,840$624,481$3,813,118
13$7,256,536$2,643,106$649,460$3,963,970
14$7,546,798$2,750,503$675,438$4,120,856
15$7,848,670$2,862,196$702,456$4,284,018
16$8,162,617$2,978,356$730,554$4,453,706
17$8,489,121$3,099,163$759,776$4,630,182
18$8,828,686$3,224,802$790,167$4,813,717
19$9,181,833$3,355,466$821,774$5,004,593
20$9,549,107$3,491,357$854,645$5,203,104
21$9,931,071$3,632,684$888,831$5,409,556
22$10,328,314$3,779,664$924,384$5,624,266
23$10,741,446$3,932,523$961,359$5,847,564
24$11,171,104$4,091,496$999,814$6,079,794
25$11,617,949$4,256,829$1,039,806$6,321,313
26$12,082,666$4,428,774$1,081,399$6,572,493
27$12,565,973$4,607,598$1,124,655$6,833,721
28$13,068,612$4,793,574$1,169,641$7,105,397
29$13,591,357$4,986,990$1,216,426$7,387,940
30$14,135,011$5,188,142$1,265,083$7,681,786
Total$254,200,000$92,799,633$22,750,899$138,649,465

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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.