USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

For a non-Maryland resident

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The tax information provided here is based on 2024 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$842,864$213,996$1,334,157
2$2,486,657$878,251$222,556$1,385,850
3$2,586,123$915,053$231,458$1,439,612
4$2,689,568$953,328$240,716$1,495,524
5$2,797,151$993,134$250,345$1,553,672
6$2,909,037$1,034,531$260,359$1,614,147
7$3,025,398$1,077,585$270,773$1,677,040
8$3,146,414$1,122,361$281,604$1,742,449
9$3,272,271$1,168,928$292,868$1,810,475
10$3,403,162$1,217,358$304,583$1,881,221
11$3,539,288$1,267,724$316,766$1,954,798
12$3,680,860$1,320,106$329,437$2,031,317
13$3,828,094$1,374,583$342,614$2,110,897
14$3,981,218$1,431,238$356,319$2,193,661
15$4,140,467$1,490,160$370,572$2,279,734
16$4,306,085$1,551,439$385,395$2,369,251
17$4,478,329$1,615,169$400,810$2,462,349
18$4,657,462$1,681,449$416,843$2,559,170
19$4,843,760$1,750,379$433,517$2,659,865
20$5,037,511$1,822,067$450,857$2,764,587
21$5,239,011$1,896,622$468,891$2,873,498
22$5,448,572$1,974,159$487,647$2,986,765
23$5,666,514$2,054,798$507,153$3,104,563
24$5,893,175$2,138,663$527,439$3,227,073
25$6,128,902$2,225,881$548,537$3,354,484
26$6,374,058$2,316,589$570,478$3,486,991
27$6,629,020$2,410,925$593,297$3,624,798
28$6,894,181$2,509,035$617,029$3,768,117
29$7,169,948$2,611,069$641,710$3,917,169
30$7,456,746$2,717,184$667,379$4,072,184
Total$134,100,000$48,362,632$12,001,948$73,735,418

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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.