USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

For a non-Maryland resident

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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 $32,200,000 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:Wed, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$143,383$43,377$297,897
2$508,889$151,864$45,546$311,479
3$534,333$160,770$47,823$325,741
4$561,050$170,544$50,214$340,293
5$589,103$180,923$52,725$355,455
6$618,558$191,821$55,361$371,375
7$649,486$203,265$58,129$388,092
8$681,960$215,280$61,035$405,644
9$716,058$227,896$64,087$424,074
10$751,861$241,144$67,292$443,426
11$789,454$255,053$70,656$463,745
12$828,927$269,658$74,189$485,080
13$870,373$284,993$77,898$507,482
14$913,892$301,095$81,793$531,003
15$959,586$318,002$85,883$555,701
16$1,007,565$335,754$90,177$581,634
17$1,057,944$354,394$94,686$608,864
18$1,110,841$373,966$99,420$637,455
19$1,166,383$394,517$104,391$667,475
20$1,224,702$416,095$109,611$698,996
21$1,285,937$438,752$115,091$732,094
22$1,350,234$462,542$120,846$766,847
23$1,417,746$487,521$126,888$803,337
24$1,488,633$513,749$133,233$841,651
25$1,563,065$541,289$139,894$881,881
26$1,641,218$570,206$146,889$924,123
27$1,723,279$600,568$154,233$968,477
28$1,809,443$632,449$161,945$1,015,049
29$1,899,915$665,924$170,042$1,063,949
30$1,994,911$701,072$178,545$1,115,294
Total$32,200,000$10,804,489$2,881,899$18,513,613

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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.