USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$449,528$2,751,795
2$5,273,797$1,914,260$472,005$2,887,532
3$5,537,487$2,011,825$495,605$3,030,057
4$5,814,361$2,114,269$520,385$3,179,707
5$6,105,079$2,221,834$546,405$3,336,840
6$6,410,333$2,334,778$573,725$3,501,830
7$6,730,850$2,453,370$602,411$3,675,069
8$7,067,393$2,577,890$632,532$3,856,971
9$7,420,762$2,708,637$664,158$4,047,967
10$7,791,800$2,845,921$697,366$4,248,513
11$8,181,390$2,990,069$732,234$4,459,086
12$8,590,460$3,141,425$768,846$4,680,189
13$9,019,983$3,300,349$807,288$4,912,346
14$9,470,982$3,467,218$847,653$5,156,111
15$9,944,531$3,642,431$890,036$5,412,064
16$10,441,758$3,826,405$934,537$5,680,815
17$10,963,845$4,019,578$981,264$5,963,003
18$11,512,038$4,222,409$1,030,327$6,259,301
19$12,087,639$4,435,382$1,081,844$6,570,414
20$12,692,022$4,659,003$1,135,936$6,897,083
21$13,326,623$4,893,805$1,192,733$7,240,084
22$13,992,954$5,140,348$1,252,369$7,600,236
23$14,692,601$5,399,218$1,314,988$7,978,396
24$15,427,231$5,671,031$1,380,737$8,375,464
25$16,198,593$5,956,434$1,449,774$8,792,384
26$17,008,523$6,256,108$1,522,263$9,230,152
27$17,858,949$6,570,766$1,598,376$9,689,807
28$18,751,896$6,901,157$1,678,295$10,172,445
29$19,689,491$7,248,067$1,762,209$10,679,215
30$20,673,966$7,612,322$1,850,320$11,211,323
Total$333,700,001$122,357,650$29,866,149$181,476,199

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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.