USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Dec 3, 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 $79,900,000 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 money, as well as deductions claimed.

State:

Maryland

Drawing Date:Sat, Dec 3, 2022
Jackpot:$79,900,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,202,610$403,153$107,634$691,823
2$1,262,740$425,402$113,015$724,323
3$1,325,877$448,762$118,666$758,449
4$1,392,171$473,291$124,599$794,281
5$1,461,780$499,046$130,829$831,904
6$1,534,869$526,089$137,371$871,409
7$1,611,612$554,484$144,239$912,889
8$1,692,193$584,299$151,451$956,442
9$1,776,802$615,605$159,024$1,002,174
10$1,865,642$648,475$166,975$1,050,192
11$1,958,924$682,990$175,324$1,100,611
12$2,056,871$719,230$184,090$1,153,551
13$2,159,714$757,282$193,294$1,209,138
14$2,267,700$797,237$202,959$1,267,504
15$2,381,085$839,189$213,107$1,328,789
16$2,500,139$883,239$223,762$1,393,137
17$2,625,146$929,492$234,951$1,460,704
18$2,756,403$978,057$246,698$1,531,648
19$2,894,224$1,029,050$259,033$1,606,140
20$3,038,935$1,082,594$271,985$1,684,356
21$3,190,881$1,138,814$285,584$1,766,484
22$3,350,426$1,197,845$299,863$1,852,717
23$3,517,947$1,259,828$314,856$1,943,263
24$3,693,844$1,324,910$330,599$2,038,335
25$3,878,536$1,393,246$347,129$2,138,161
26$4,072,463$1,464,999$364,485$2,242,979
27$4,276,086$1,540,340$382,710$2,353,037
28$4,489,891$1,619,447$401,845$2,468,598
29$4,714,385$1,702,510$421,937$2,589,937
30$4,950,104$1,789,726$443,034$2,717,344
Total$79,900,000$28,308,631$7,151,048$44,440,319

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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.