USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Mar 13, 2021

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 $170,900,000 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, Mar 13, 2021
Jackpot:$170,900,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,572,290$907,705$244,368$1,420,218
2$2,700,905$955,292$256,586$1,489,027
3$2,835,950$1,005,259$269,415$1,561,276
4$2,977,748$1,057,724$282,886$1,637,138
5$3,126,635$1,112,812$297,030$1,716,792
6$3,282,967$1,170,655$311,882$1,800,430
7$3,447,115$1,231,390$327,476$1,888,249
8$3,619,471$1,295,161$343,850$1,980,460
9$3,800,444$1,362,122$361,042$2,077,280
10$3,990,466$1,432,430$379,094$2,178,942
11$4,189,990$1,506,253$398,049$2,285,687
12$4,399,489$1,583,768$417,951$2,397,770
13$4,619,464$1,665,159$438,849$2,515,456
14$4,850,437$1,750,619$460,792$2,639,027
15$5,092,959$1,840,352$483,831$2,768,776
16$5,347,607$1,934,572$508,023$2,905,012
17$5,614,987$2,033,502$533,424$3,048,061
18$5,895,736$2,137,380$560,095$3,198,262
19$6,190,523$2,246,451$588,100$3,355,973
20$6,500,049$2,360,976$617,505$3,521,569
21$6,825,052$2,481,226$648,380$3,695,445
22$7,166,304$2,607,490$680,799$3,878,016
23$7,524,620$2,740,067$714,839$4,069,714
24$7,900,851$2,879,272$750,581$4,270,998
25$8,295,893$3,025,438$788,110$4,482,346
26$8,710,688$3,178,912$827,515$4,704,261
27$9,146,222$3,340,059$868,891$4,937,272
28$9,603,533$3,509,265$912,336$5,181,933
29$10,083,710$3,686,930$957,952$5,438,828
30$10,587,896$3,873,479$1,005,850$5,708,567
Total$170,900,000$61,911,720$16,235,501$92,752,785

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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.