USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Oct 15, 2022

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 $464,800,000 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, Oct 15, 2022
Jackpot:$464,800,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,995,907$2,546,673$626,134$3,823,100
2$7,345,702$2,676,098$657,440$4,012,164
3$7,712,987$2,811,993$690,312$4,210,682
4$8,098,637$2,954,683$724,828$4,419,126
5$8,503,569$3,104,508$761,069$4,637,991
6$8,928,747$3,261,824$799,123$4,867,800
7$9,375,185$3,427,006$839,079$5,109,100
8$9,843,944$3,600,447$881,033$5,362,464
9$10,336,141$3,782,560$925,085$5,628,496
10$10,852,948$3,973,779$971,339$5,907,831
11$11,395,595$4,174,558$1,019,906$6,201,132
12$11,965,375$4,385,377$1,070,901$6,509,098
13$12,563,644$4,606,736$1,124,446$6,832,462
14$13,191,826$4,839,163$1,180,668$7,171,994
15$13,851,417$5,083,212$1,239,702$7,528,503
16$14,543,988$5,339,463$1,301,687$7,902,838
17$15,271,188$5,608,527$1,366,771$8,295,889
18$16,034,747$5,891,044$1,435,110$8,708,593
19$16,836,484$6,187,687$1,506,865$9,141,932
20$17,678,309$6,499,162$1,582,209$9,596,938
21$18,562,224$6,826,211$1,661,319$10,074,694
22$19,490,335$7,169,612$1,744,385$10,576,338
23$20,464,852$7,530,183$1,831,604$11,103,065
24$21,488,094$7,908,783$1,923,184$11,656,127
25$22,562,499$8,306,312$2,019,344$12,236,843
26$23,690,625$8,723,719$2,120,311$12,846,595
27$24,875,156$9,161,995$2,226,326$13,486,834
28$26,118,913$9,622,186$2,337,643$14,159,085
29$27,424,859$10,105,386$2,454,525$14,864,948
30$28,796,102$10,612,746$2,577,251$15,606,105
Total$464,800,001$170,721,633$41,599,599$252,478,767

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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.