USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Dec 5, 2022

For a non-Maryland resident

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $89,200,000 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 money, as well as deductions claimed.

State:

Maryland

Drawing Date:Mon, Dec 5, 2022
Jackpot:$89,200,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,342,588$459,713$120,162$762,714
2$1,409,717$484,550$126,170$798,997
3$1,480,203$510,630$132,478$837,095
4$1,554,213$538,014$139,102$877,097
5$1,631,924$566,767$146,057$919,100
6$1,713,520$596,958$153,360$963,203
7$1,799,196$628,658$161,028$1,009,511
8$1,889,156$661,943$169,079$1,058,134
9$1,983,614$696,892$177,533$1,109,188
10$2,082,795$733,589$186,410$1,162,796
11$2,186,934$772,121$195,731$1,219,083
12$2,296,281$812,579$205,517$1,278,185
13$2,411,095$855,060$215,793$1,340,242
14$2,531,650$899,665$226,583$1,405,402
15$2,658,232$946,501$237,912$1,473,820
16$2,791,144$995,678$249,807$1,545,658
17$2,930,701$1,047,314$262,298$1,621,089
18$3,077,236$1,101,532$275,413$1,700,291
19$3,231,098$1,158,461$289,183$1,783,454
20$3,392,653$1,218,237$303,642$1,870,774
21$3,562,286$1,281,001$318,825$1,962,460
22$3,740,400$1,346,903$334,766$2,058,731
23$3,927,420$1,416,100$351,504$2,159,816
24$4,123,791$1,488,758$369,079$2,265,954
25$4,329,980$1,565,048$387,533$2,377,399
26$4,546,480$1,645,152$406,910$2,494,417
27$4,773,804$1,729,262$427,255$2,617,286
28$5,012,494$1,817,578$448,618$2,746,298
29$5,263,118$1,910,309$471,049$2,881,760
30$5,526,274$2,007,676$494,602$3,023,996
Total$89,200,000$31,892,649$7,983,399$49,323,950

◄ Back to Jackpot Analysis

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.