USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Maryland

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$603,233$3,680,033
2$7,077,034$2,581,458$633,395$3,862,182
3$7,430,886$2,712,383$665,064$4,053,439
4$7,802,430$2,849,854$698,318$4,254,259
5$8,192,552$2,994,199$733,233$4,465,119
6$8,602,179$3,145,761$769,895$4,686,523
7$9,032,289$3,304,902$808,390$4,918,997
8$9,483,903$3,471,999$848,809$5,163,095
9$9,958,098$3,647,451$891,250$5,419,397
10$10,456,003$3,831,676$935,812$5,688,515
11$10,978,803$4,025,112$982,603$5,971,088
12$11,527,743$4,228,220$1,031,733$6,267,790
13$12,104,130$4,441,483$1,083,320$6,579,327
14$12,709,337$4,665,410$1,137,486$6,906,442
15$13,344,804$4,900,532$1,194,360$7,249,911
16$14,012,044$5,147,411$1,254,078$7,610,555
17$14,712,646$5,406,634$1,316,782$7,989,230
18$15,448,278$5,678,818$1,382,621$8,386,839
19$16,220,692$5,964,611$1,451,752$8,804,329
20$17,031,727$6,264,694$1,524,340$9,242,693
21$17,883,313$6,579,781$1,600,557$9,702,976
22$18,777,479$6,910,622$1,680,584$10,186,272
23$19,716,353$7,258,006$1,764,614$10,693,734
24$20,702,170$7,622,758$1,852,844$11,226,568
25$21,737,279$8,005,748$1,945,486$11,786,044
26$22,824,143$8,407,888$2,042,761$12,373,494
27$23,965,350$8,830,135$2,144,899$12,990,317
28$25,163,617$9,273,493$2,252,144$13,637,980
29$26,421,798$9,739,020$2,364,751$14,318,027
30$27,742,888$10,227,824$2,482,989$15,032,076
Total$447,800,001$164,574,650$40,078,103$243,147,251

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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.