USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

For a non-Maryland resident

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$286,764$1,768,844
2$3,332,232$1,195,881$298,235$1,838,116
3$3,465,521$1,245,198$310,164$1,910,159
4$3,604,142$1,296,487$322,571$1,985,084
5$3,748,307$1,349,829$335,474$2,063,005
6$3,898,240$1,405,304$348,892$2,144,044
7$4,054,169$1,462,998$362,848$2,228,323
8$4,216,336$1,522,999$377,362$2,315,975
9$4,384,989$1,585,401$392,457$2,407,132
10$4,560,389$1,650,299$408,155$2,501,935
11$4,742,805$1,717,793$424,481$2,600,531
12$4,932,517$1,787,986$441,460$2,703,070
13$5,129,817$1,860,987$459,119$2,809,711
14$5,335,010$1,936,909$477,483$2,920,618
15$5,548,411$2,015,867$496,583$3,035,961
16$5,770,347$2,097,983$516,446$3,155,918
17$6,001,161$2,183,384$537,104$3,280,672
18$6,241,207$2,272,202$558,588$3,410,418
19$6,490,856$2,364,572$580,932$3,545,352
20$6,750,490$2,460,636$604,169$3,685,685
21$7,020,509$2,560,543$628,336$3,831,630
22$7,301,330$2,664,447$653,469$3,983,414
23$7,593,383$2,772,507$679,608$4,141,268
24$7,897,118$2,884,889$706,792$4,305,437
25$8,213,003$3,001,766$735,064$4,476,173
26$8,541,523$3,123,319$764,466$4,653,738
27$8,883,184$3,249,733$795,045$4,838,406
28$9,238,511$3,381,204$826,847$5,030,460
29$9,608,052$3,517,934$859,921$5,230,197
30$9,992,374$3,660,133$894,317$5,437,923
Total$179,700,000$65,377,650$16,083,152$98,239,199

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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.