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 2025 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$461,701$122,078$780,223
2$1,418,563$481,888$126,961$809,713
3$1,475,305$502,883$132,040$840,382
4$1,534,317$524,718$137,321$872,278
5$1,595,690$547,426$142,814$905,450
6$1,659,518$571,042$148,527$939,949
7$1,725,898$595,603$154,468$975,828
8$1,794,934$621,146$160,647$1,013,142
9$1,866,732$647,711$167,072$1,051,948
10$1,941,401$675,339$173,755$1,092,307
11$2,019,057$704,071$180,706$1,134,280
12$2,099,819$733,953$187,934$1,177,932
13$2,183,812$765,031$195,451$1,223,330
14$2,271,165$797,351$203,269$1,270,544
15$2,362,011$830,964$211,400$1,319,647
16$2,456,492$865,922$219,856$1,370,713
17$2,554,751$902,278$228,650$1,423,823
18$2,656,941$940,089$237,796$1,479,057
19$2,763,219$979,411$247,308$1,536,500
20$2,873,748$1,020,307$257,200$1,596,240
21$2,988,698$1,062,838$267,488$1,658,371
22$3,108,246$1,107,071$278,188$1,722,986
23$3,232,575$1,153,073$289,315$1,790,187
24$3,361,878$1,200,915$300,888$1,860,075
25$3,496,354$1,250,671$312,924$1,932,759
26$3,636,208$1,302,417$325,441$2,008,350
27$3,781,656$1,356,233$338,458$2,086,965
28$3,932,922$1,412,201$351,997$2,168,724
29$4,090,239$1,470,409$366,076$2,253,754
30$4,253,849$1,530,944$380,719$2,342,185
Total$76,500,000$27,015,606$6,846,747$42,637,642

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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.