USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 1, 2022

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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 $325,400,000 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, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$438,347$2,684,272
2$5,142,624$1,865,726$460,265$2,816,633
3$5,399,755$1,960,864$483,278$2,955,613
4$5,669,743$2,060,760$507,442$3,101,541
5$5,953,230$2,165,650$532,814$3,254,766
6$6,250,891$2,275,785$559,455$3,415,652
7$6,563,436$2,391,426$587,428$3,584,582
8$6,891,608$2,512,850$616,799$3,761,959
9$7,236,188$2,640,345$647,639$3,948,205
10$7,597,998$2,774,214$680,021$4,143,763
11$7,977,898$2,914,777$714,022$4,349,099
12$8,376,792$3,062,368$749,723$4,564,701
13$8,795,632$3,217,339$787,209$4,791,084
14$9,235,414$3,380,058$826,570$5,028,786
15$9,697,184$3,550,913$867,898$5,278,373
16$10,182,044$3,730,311$911,293$5,540,440
17$10,691,146$3,918,679$956,858$5,815,609
18$11,225,703$4,116,465$1,004,700$6,104,537
19$11,786,988$4,324,141$1,054,935$6,407,912
20$12,376,337$4,542,200$1,107,682$6,726,455
21$12,995,154$4,771,162$1,163,066$7,060,926
22$13,644,912$5,011,572$1,221,220$7,412,120
23$14,327,158$5,264,003$1,282,281$7,780,874
24$15,043,515$5,529,056$1,346,395$8,168,065
25$15,795,691$5,807,361$1,413,714$8,574,616
26$16,585,476$6,099,581$1,484,400$9,001,495
27$17,414,750$6,406,412$1,558,620$9,449,717
28$18,285,487$6,728,585$1,636,551$9,920,351
29$19,199,761$7,066,867$1,718,379$10,414,516
30$20,159,750$7,422,062$1,804,298$10,933,390
Total$325,400,001$119,286,650$29,123,302$176,990,052

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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.