USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $76,500,000 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:Wed, Aug 31, 2011
Jackpot:$76,500,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,364,003$462,869$122,078$779,056
2$1,418,563$483,056$126,961$808,545
3$1,475,305$504,051$132,040$839,215
4$1,534,317$525,885$137,321$871,111
5$1,595,690$548,593$142,814$904,283
6$1,659,518$572,209$148,527$938,782
7$1,725,898$596,770$154,468$974,660
8$1,794,934$622,313$160,647$1,011,974
9$1,866,732$648,878$167,072$1,050,781
10$1,941,401$676,506$173,755$1,091,139
11$2,019,057$705,239$180,706$1,133,113
12$2,099,819$735,121$187,934$1,176,765
13$2,183,812$766,198$195,451$1,222,163
14$2,271,165$798,519$203,269$1,269,377
15$2,362,011$832,132$211,400$1,318,479
16$2,456,492$867,090$219,856$1,369,546
17$2,554,751$903,446$228,650$1,422,655
18$2,656,941$941,256$237,796$1,477,889
19$2,763,219$980,579$247,308$1,535,332
20$2,873,748$1,021,474$257,200$1,595,073
21$2,988,698$1,064,006$267,488$1,657,203
22$3,108,246$1,108,239$278,188$1,721,819
23$3,232,575$1,154,241$289,315$1,789,019
24$3,361,878$1,202,083$300,888$1,858,908
25$3,496,354$1,251,839$312,924$1,931,591
26$3,636,208$1,303,585$325,441$2,007,182
27$3,781,656$1,357,400$338,458$2,085,797
28$3,932,922$1,413,369$351,997$2,167,557
29$4,090,239$1,471,576$366,076$2,252,586
30$4,253,849$1,532,112$380,719$2,341,017
Total$76,500,000$27,050,634$6,846,747$42,602,617

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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.