USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 4, 2014

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 $60,000,000 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:Sat, Oct 4, 2014
Jackpot:$60,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,069,806$352,848$95,748$621,210
2$1,112,598$368,682$99,578$644,339
3$1,157,102$385,148$103,561$668,393
4$1,203,386$402,273$107,703$693,410
5$1,251,522$420,083$112,011$719,427
6$1,301,583$438,606$116,492$746,485
7$1,353,646$457,869$121,151$774,625
8$1,407,792$477,903$125,997$803,891
9$1,464,103$498,738$131,037$834,328
10$1,522,667$520,407$136,279$865,982
11$1,583,574$542,943$141,730$898,902
12$1,646,917$566,380$147,399$933,138
13$1,712,794$590,754$153,295$968,745
14$1,781,306$616,103$159,427$1,005,775
15$1,852,558$642,467$165,804$1,044,287
16$1,926,660$669,884$172,436$1,084,340
17$2,003,726$698,399$179,334$1,125,994
18$2,083,876$728,054$186,507$1,169,314
19$2,167,231$758,896$193,967$1,214,368
20$2,253,920$790,971$201,726$1,261,223
21$2,344,077$824,329$209,795$1,309,953
22$2,437,840$859,021$218,187$1,360,632
23$2,535,353$895,101$226,914$1,413,338
24$2,636,767$932,624$235,991$1,468,153
25$2,742,238$971,648$245,430$1,525,159
26$2,851,928$1,012,233$255,248$1,584,447
27$2,966,005$1,054,442$265,457$1,646,105
28$3,084,645$1,098,339$276,076$1,710,230
29$3,208,031$1,143,992$287,119$1,776,920
30$3,336,352$1,191,470$298,603$1,846,278
Total$60,000,000$20,910,607$5,370,002$33,719,391

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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.