USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

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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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,550,931$385,272$2,368,508
2$4,519,946$1,630,568$404,535$2,484,843
3$4,745,943$1,714,187$424,762$2,606,995
4$4,983,241$1,801,987$446,000$2,735,254
5$5,232,402$1,894,177$468,300$2,869,926
6$5,494,023$1,990,976$491,715$3,011,331
7$5,768,724$2,092,616$516,301$3,159,807
8$6,057,160$2,199,337$542,116$3,315,707
9$6,360,018$2,311,394$569,222$3,479,402
10$6,678,019$2,429,055$597,683$3,651,281
11$7,011,920$2,552,598$627,567$3,831,755
12$7,362,516$2,682,319$658,945$4,021,252
13$7,730,641$2,818,525$691,892$4,220,224
14$8,117,174$2,961,542$726,487$4,429,145
15$8,523,032$3,111,710$762,811$4,648,511
16$8,949,184$3,269,386$800,952$4,878,846
17$9,396,643$3,434,946$841,000$5,120,698
18$9,866,475$3,608,784$883,050$5,374,642
19$10,359,799$3,791,313$927,202$5,641,284
20$10,877,789$3,982,970$973,562$5,921,257
21$11,421,678$4,184,209$1,022,240$6,215,229
22$11,992,762$4,395,510$1,073,352$6,523,900
23$12,592,400$4,617,376$1,127,020$6,848,005
24$13,222,020$4,850,335$1,183,371$7,188,314
25$13,883,121$5,094,943$1,242,539$7,545,639
26$14,577,278$5,351,780$1,304,666$7,920,831
27$15,306,141$5,621,460$1,369,900$8,314,782
28$16,071,448$5,904,624$1,438,395$8,728,430
29$16,875,021$6,201,945$1,510,314$9,162,761
30$17,718,772$6,514,133$1,585,830$9,618,808
Total$286,000,001$104,565,636$25,597,001$155,837,367

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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.