USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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 $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 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$2,452,000$603,233$3,684,800
2$7,077,034$2,576,690$633,395$3,866,949
3$7,430,886$2,707,616$665,064$4,058,206
4$7,802,430$2,845,087$698,318$4,259,026
5$8,192,552$2,989,432$733,233$4,469,886
6$8,602,179$3,140,994$769,895$4,691,290
7$9,032,289$3,300,135$808,390$4,923,764
8$9,483,903$3,467,232$848,809$5,167,862
9$9,958,098$3,642,684$891,250$5,424,164
10$10,456,003$3,826,909$935,812$5,693,282
11$10,978,803$4,020,345$982,603$5,975,855
12$11,527,743$4,223,453$1,031,733$6,272,557
13$12,104,130$4,436,716$1,083,320$6,584,095
14$12,709,337$4,660,642$1,137,486$6,911,209
15$13,344,804$4,895,765$1,194,360$7,254,679
16$14,012,044$5,142,644$1,254,078$7,615,322
17$14,712,646$5,401,867$1,316,782$7,993,997
18$15,448,278$5,674,051$1,382,621$8,391,607
19$16,220,692$5,959,844$1,451,752$8,809,096
20$17,031,727$6,259,927$1,524,340$9,247,461
21$17,883,313$6,575,014$1,600,557$9,707,743
22$18,777,479$6,905,855$1,680,584$10,191,040
23$19,716,353$7,253,238$1,764,614$10,698,501
24$20,702,170$7,617,991$1,852,844$11,231,335
25$21,737,279$8,000,981$1,945,486$11,790,811
26$22,824,143$8,403,121$2,042,761$12,378,262
27$23,965,350$8,825,367$2,144,899$12,995,084
28$25,163,617$9,268,726$2,252,144$13,642,747
29$26,421,798$9,734,253$2,364,751$14,322,794
30$27,742,888$10,223,056$2,482,989$15,036,843
Total$447,800,001$164,431,635$40,078,103$243,290,267

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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.