USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 14, 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 $25,000,000 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, Sep 14, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$39,895$279,470
2$463,583$132,629$41,491$289,463
3$482,126$139,119$43,150$299,857
4$501,411$145,869$44,876$310,666
5$521,467$152,888$46,671$321,908
6$542,326$160,189$48,538$333,599
7$564,019$167,781$50,480$345,758
8$586,580$175,678$52,499$358,403
9$610,043$183,904$54,599$371,541
10$634,445$192,932$56,783$384,730
11$659,823$202,322$59,054$398,446
12$686,215$212,087$61,416$412,712
13$713,664$222,243$63,873$427,548
14$742,211$232,806$66,428$442,977
15$771,899$243,790$69,085$459,024
16$802,775$255,215$71,848$475,712
17$834,886$267,096$74,722$493,068
18$868,281$279,452$77,711$511,118
19$903,013$292,302$80,820$529,891
20$939,133$305,667$84,052$549,414
21$976,699$319,566$87,415$569,718
22$1,015,767$334,021$90,911$590,834
23$1,056,397$349,055$94,548$612,795
24$1,098,653$364,689$98,329$635,634
25$1,142,599$380,949$102,263$659,387
26$1,188,303$397,860$106,353$684,090
27$1,235,835$415,447$110,607$709,781
28$1,285,269$433,737$115,032$736,500
29$1,336,679$452,759$119,633$764,287
30$1,390,147$472,542$124,418$793,186
Total$25,000,000$8,010,982$2,237,500$14,751,517

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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.