USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Aug 24, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $47,900,000 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:Wed, Aug 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$76,439$503,433
2$888,224$286,831$79,496$521,897
3$923,753$299,976$82,676$541,101
4$960,703$313,648$85,983$561,072
5$999,131$327,866$89,422$581,843
6$1,039,097$342,654$92,999$603,444
7$1,080,661$358,032$96,719$625,909
8$1,123,887$374,026$100,588$649,273
9$1,168,842$390,659$104,611$673,572
10$1,215,596$407,958$108,796$698,842
11$1,264,220$425,949$113,148$725,123
12$1,314,789$444,660$117,674$752,456
13$1,367,380$464,118$122,381$780,881
14$1,422,076$484,356$127,276$810,444
15$1,478,959$505,402$132,367$841,189
16$1,538,117$527,291$137,661$873,164
17$1,599,642$550,055$143,168$906,419
18$1,663,627$573,730$148,895$941,003
19$1,730,172$598,352$154,850$976,970
20$1,799,379$623,958$161,044$1,014,377
21$1,871,354$650,589$167,486$1,053,279
22$1,946,209$678,285$174,186$1,093,738
23$2,024,057$707,089$181,153$1,135,815
24$2,105,019$737,045$188,399$1,179,575
25$2,189,220$768,199$195,935$1,225,086
26$2,276,789$800,600$203,773$1,272,417
27$2,367,860$834,296$211,924$1,321,641
28$2,462,575$869,340$220,400$1,372,834
29$2,561,078$905,787$229,216$1,426,075
30$2,663,521$943,690$238,385$1,481,445
Total$47,900,000$16,468,632$4,287,050$27,144,317

◄ Back to Jackpot Analysis

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.