USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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 prize money, as well as deductions claimed.

State:

Maryland

Drawing Date:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$125,146$792,814
2$1,468,192$506,186$131,403$830,603
3$1,541,602$533,348$137,973$870,281
4$1,618,682$561,867$144,872$911,943
5$1,699,616$591,813$152,116$955,687
6$1,784,597$623,256$159,721$1,001,620
7$1,873,827$656,271$167,707$1,049,848
8$1,967,518$690,937$176,093$1,100,489
9$2,065,894$727,336$184,898$1,153,661
10$2,169,189$765,555$194,142$1,209,491
11$2,277,648$805,685$203,850$1,268,114
12$2,391,530$847,821$214,042$1,329,667
13$2,511,107$892,065$224,744$1,394,298
14$2,636,662$938,520$235,981$1,462,161
15$2,768,495$987,298$247,780$1,533,417
16$2,906,920$1,038,515$260,169$1,608,235
17$3,052,266$1,092,293$273,178$1,686,795
18$3,204,880$1,148,760$286,837$1,769,282
19$3,365,123$1,208,051$301,179$1,855,894
20$3,533,380$1,270,305$316,237$1,946,837
21$3,710,049$1,335,673$332,049$2,042,326
22$3,895,551$1,404,309$348,652$2,142,590
23$4,090,329$1,476,377$366,084$2,247,868
24$4,294,845$1,552,048$384,389$2,358,409
25$4,509,587$1,631,502$403,608$2,474,477
26$4,735,067$1,714,930$423,788$2,596,349
27$4,971,820$1,802,528$444,978$2,724,314
28$5,220,411$1,894,507$467,227$2,858,677
29$5,481,432$1,991,085$490,588$2,999,759
30$5,755,503$2,092,491$515,118$3,147,894
Total$92,900,000$33,261,650$8,314,549$51,323,800

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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.