USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$61,563$408,828
2$722,243$230,185$64,641$427,417
3$758,355$243,546$67,873$446,936
4$796,273$257,576$71,266$467,431
5$836,087$272,307$74,830$488,950
6$877,891$287,775$78,571$511,545
7$921,786$304,016$82,500$535,270
8$967,875$321,069$86,625$560,181
9$1,016,269$338,974$90,956$586,338
10$1,067,082$357,775$95,504$613,803
11$1,120,436$377,516$100,279$642,641
12$1,176,458$398,244$105,293$672,921
13$1,235,281$420,009$110,558$704,714
14$1,297,045$442,862$116,086$738,098
15$1,361,897$466,857$121,890$773,150
16$1,429,992$492,052$127,984$809,956
17$1,501,492$518,507$134,383$848,601
18$1,576,566$546,284$141,103$889,179
19$1,655,394$575,451$148,158$931,786
20$1,738,164$606,076$155,566$976,523
21$1,825,072$638,232$163,344$1,023,497
22$1,916,326$671,996$171,511$1,072,819
23$2,012,142$707,448$180,087$1,124,608
24$2,112,749$744,672$189,091$1,178,986
25$2,218,387$783,758$198,546$1,236,083
26$2,329,306$824,798$208,473$1,296,035
27$2,445,772$867,890$218,897$1,358,985
28$2,568,060$913,137$229,841$1,425,081
29$2,696,463$960,646$241,333$1,494,483
30$2,831,286$1,010,531$253,400$1,567,355
Total$45,700,000$15,797,649$4,090,152$25,812,200

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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.