USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jun 2, 2012

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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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,004,646$253,412$1,573,362
2$2,944,677$1,046,551$263,549$1,634,577
3$3,062,464$1,090,132$274,090$1,698,241
4$3,184,962$1,135,456$285,054$1,764,452
5$3,312,361$1,182,594$296,456$1,833,311
6$3,444,855$1,231,617$308,315$1,904,924
7$3,582,649$1,282,600$320,647$1,979,402
8$3,725,955$1,335,624$333,473$2,056,859
9$3,874,993$1,390,768$346,812$2,137,414
10$4,029,993$1,448,118$360,684$2,221,191
11$4,191,193$1,507,762$375,112$2,308,320
12$4,358,841$1,569,791$390,116$2,398,933
13$4,533,194$1,634,302$405,721$2,493,171
14$4,714,522$1,701,393$421,950$2,591,179
15$4,903,103$1,771,168$438,828$2,693,107
16$5,099,227$1,843,734$456,381$2,799,112
17$5,303,196$1,919,203$474,636$2,909,357
18$5,515,324$1,997,690$493,621$3,024,012
19$5,735,937$2,079,317$513,366$3,143,254
20$5,965,374$2,164,209$533,901$3,267,265
21$6,203,989$2,252,496$555,257$3,396,236
22$6,452,149$2,344,315$577,467$3,530,366
23$6,710,235$2,439,807$600,566$3,669,862
24$6,978,644$2,539,119$624,589$3,814,937
25$7,257,790$2,642,403$649,572$3,965,815
26$7,548,102$2,749,818$675,555$4,122,729
27$7,850,026$2,861,530$702,577$4,285,919
28$8,164,027$2,977,710$730,680$4,455,636
29$8,490,588$3,098,538$759,908$4,632,142
30$8,830,211$3,224,198$790,304$4,815,709
Total$158,800,000$57,466,609$14,212,599$87,120,794

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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.