USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 4, 2015

For a non-Maryland resident

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The tax information provided here is based on 2026 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 $144,100,000 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, Nov 4, 2015
Jackpot:$144,100,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,168,912$758,455$206,047$1,204,411
2$2,277,357$798,579$216,349$1,262,429
3$2,391,225$840,711$227,166$1,323,348
4$2,510,787$884,948$238,525$1,387,314
5$2,636,326$931,398$250,451$1,454,477
6$2,768,142$980,170$262,974$1,524,999
7$2,906,549$1,031,380$276,122$1,599,047
8$3,051,877$1,085,152$289,928$1,676,797
9$3,204,471$1,141,611$304,425$1,758,435
10$3,364,694$1,200,894$319,646$1,844,154
11$3,532,929$1,263,141$335,628$1,934,160
12$3,709,575$1,328,500$352,410$2,028,666
13$3,895,054$1,397,127$370,030$2,127,897
14$4,089,807$1,469,186$388,532$2,232,089
15$4,294,297$1,544,847$407,958$2,341,492
16$4,509,012$1,624,292$428,356$2,456,364
17$4,734,462$1,707,708$449,774$2,576,980
18$4,971,186$1,795,296$472,263$2,703,627
19$5,219,745$1,887,263$495,876$2,836,606
20$5,480,732$1,983,828$520,670$2,976,234
21$5,754,769$2,085,222$546,703$3,122,844
22$6,042,507$2,191,685$574,038$3,276,784
23$6,344,633$2,303,471$602,740$3,438,421
24$6,661,864$2,420,847$632,877$3,608,140
25$6,994,957$2,544,091$664,521$3,786,345
26$7,344,705$2,673,498$697,747$3,973,460
27$7,711,940$2,809,375$732,634$4,169,931
28$8,097,537$2,952,046$769,266$4,376,225
29$8,502,414$3,101,851$807,729$4,592,834
30$8,927,535$3,259,145$848,116$4,820,274
Total$144,100,000$51,995,717$13,689,501$78,414,784

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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.