USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jul 23, 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 $93,600,000 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, Jul 23, 2011
Jackpot:$93,600,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,668,897$575,680$149,366$943,851
2$1,735,653$600,379$155,341$979,933
3$1,805,079$626,067$161,555$1,017,458
4$1,877,282$652,782$168,017$1,056,483
5$1,952,374$680,566$174,737$1,097,070
6$2,030,469$709,461$181,727$1,139,281
7$2,111,687$739,512$188,996$1,183,179
8$2,196,155$770,765$196,556$1,228,834
9$2,284,001$803,268$204,418$1,276,315
10$2,375,361$837,071$212,595$1,325,695
11$2,470,376$872,227$221,099$1,377,050
12$2,569,191$908,788$229,943$1,430,460
13$2,671,958$946,812$239,140$1,486,006
14$2,778,837$986,357$248,706$1,543,773
15$2,889,990$1,027,484$258,654$1,603,852
16$3,005,590$1,070,256$269,000$1,666,333
17$3,125,813$1,114,739$279,760$1,731,314
18$3,250,846$1,161,001$290,951$1,798,894
19$3,380,880$1,209,113$302,589$1,869,178
20$3,516,115$1,259,150$314,692$1,942,272
21$3,656,759$1,311,189$327,280$2,018,291
22$3,803,030$1,365,309$340,371$2,097,350
23$3,955,151$1,421,594$353,986$2,179,571
24$4,113,357$1,480,130$368,145$2,265,082
25$4,277,891$1,541,008$382,871$2,354,013
26$4,449,007$1,604,320$398,186$2,446,501
27$4,626,967$1,670,166$414,114$2,542,688
28$4,812,046$1,738,645$430,678$2,642,723
29$5,004,528$1,809,863$447,905$2,746,760
30$5,204,709$1,883,930$465,821$2,854,957
Total$93,600,000$33,377,632$8,377,199$51,845,167

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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.