USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Dec 10, 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 $65,500,000 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, Dec 10, 2011
Jackpot:$65,500,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,167,871$390,300$104,524$673,047
2$1,214,586$407,585$108,705$698,296
3$1,263,170$425,561$113,054$724,556
4$1,313,697$444,255$117,576$751,865
5$1,366,244$463,698$122,279$780,267
6$1,420,894$483,919$127,170$809,806
7$1,477,730$504,948$132,257$840,525
8$1,536,839$526,818$137,547$872,474
9$1,598,313$549,563$143,049$905,700
10$1,662,245$573,219$148,771$940,256
11$1,728,735$597,820$154,722$976,194
12$1,797,885$623,405$160,911$1,013,569
13$1,869,800$650,014$167,347$1,052,439
14$1,944,592$677,687$174,041$1,092,864
15$2,022,376$706,467$181,003$1,134,906
16$2,103,271$736,398$188,243$1,178,630
17$2,187,401$767,526$195,772$1,224,103
18$2,274,897$799,900$203,603$1,271,394
19$2,365,893$833,568$211,747$1,320,578
20$2,460,529$868,584$220,217$1,371,728
21$2,558,950$904,999$229,026$1,424,925
22$2,661,308$942,872$238,187$1,480,249
23$2,767,761$982,259$247,715$1,537,787
24$2,878,471$1,023,222$257,623$1,597,626
25$2,993,610$1,065,823$267,928$1,659,858
26$3,113,354$1,110,129$278,645$1,724,580
27$3,237,888$1,156,206$289,791$1,791,891
28$3,367,404$1,204,127$301,383$1,861,894
29$3,502,100$1,253,965$313,438$1,934,697
30$3,642,184$1,305,796$325,975$2,010,413
Total$65,500,000$22,980,633$5,862,249$36,657,117

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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.