USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Feb 26, 2011

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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 $182,100,000 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, Feb 26, 2011
Jackpot:$182,100,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,246,861$1,159,526$290,594$1,796,741
2$3,376,735$1,207,580$302,218$1,866,938
3$3,511,805$1,257,556$314,307$1,939,943
4$3,652,277$1,309,530$326,879$2,015,868
5$3,798,368$1,363,584$339,954$2,094,830
6$3,950,303$1,419,800$353,552$2,176,951
7$4,108,315$1,478,264$367,694$2,262,357
8$4,272,648$1,539,067$382,402$2,351,178
9$4,443,554$1,602,303$397,698$2,443,553
10$4,621,296$1,668,067$413,606$2,539,623
11$4,806,148$1,736,462$430,150$2,639,535
12$4,998,393$1,807,593$447,356$2,743,444
13$5,198,329$1,881,570$465,250$2,851,509
14$5,406,262$1,958,505$483,860$2,963,897
15$5,622,513$2,038,517$503,215$3,080,780
16$5,847,413$2,121,731$523,343$3,202,339
17$6,081,310$2,208,272$544,277$3,328,760
18$6,324,562$2,298,276$566,048$3,460,238
19$6,577,545$2,391,879$588,690$3,596,975
20$6,840,647$2,489,227$612,238$3,739,182
21$7,114,272$2,590,469$636,727$3,887,076
22$7,398,843$2,695,760$662,196$4,040,887
23$7,694,797$2,805,263$688,684$4,200,850
24$8,002,589$2,919,146$716,232$4,367,212
25$8,322,692$3,037,584$744,881$4,540,228
26$8,655,600$3,160,760$774,676$4,720,164
27$9,001,824$3,288,863$805,663$4,907,298
28$9,361,897$3,422,090$837,890$5,101,918
29$9,736,373$3,560,646$871,405$5,304,322
30$10,125,828$3,704,744$906,262$5,514,822
Total$182,100,000$66,122,634$16,297,947$99,679,418

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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.