USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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:Sat, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$213,996$1,335,324
2$2,486,657$877,083$222,556$1,387,018
3$2,586,123$913,886$231,458$1,440,779
4$2,689,568$952,160$240,716$1,496,691
5$2,797,151$991,966$250,345$1,554,840
6$2,909,037$1,033,364$260,359$1,615,314
7$3,025,398$1,076,418$270,773$1,678,208
8$3,146,414$1,121,194$281,604$1,743,617
9$3,272,271$1,167,760$292,868$1,811,642
10$3,403,162$1,216,190$304,583$1,882,389
11$3,539,288$1,266,557$316,766$1,955,965
12$3,680,860$1,318,938$329,437$2,032,484
13$3,828,094$1,373,415$342,614$2,112,065
14$3,981,218$1,430,071$356,319$2,194,828
15$4,140,467$1,488,993$370,572$2,280,902
16$4,306,085$1,550,272$385,395$2,370,419
17$4,478,329$1,614,002$400,810$2,463,516
18$4,657,462$1,680,281$416,843$2,560,338
19$4,843,760$1,749,212$433,517$2,661,032
20$5,037,511$1,820,899$450,857$2,765,754
21$5,239,011$1,895,454$468,891$2,874,665
22$5,448,572$1,972,992$487,647$2,987,933
23$5,666,514$2,053,631$507,153$3,105,731
24$5,893,175$2,137,495$527,439$3,228,241
25$6,128,902$2,224,714$548,537$3,355,651
26$6,374,058$2,315,422$570,478$3,488,158
27$6,629,020$2,409,758$593,297$3,625,965
28$6,894,181$2,507,867$617,029$3,769,285
29$7,169,948$2,609,901$641,710$3,918,337
30$7,456,746$2,716,016$667,379$4,073,351
Total$134,100,000$48,327,607$12,001,948$73,770,442

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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.