USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Feb 24, 2024

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

The tax information provided here is based on 2025 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 $375,900,000 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, Feb 24, 2024
Jackpot:$375,900,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,657,834$2,050,419$506,376$3,101,039
2$5,940,726$2,155,089$531,695$3,253,942
3$6,237,762$2,264,992$558,280$3,414,490
4$6,549,651$2,380,391$586,194$3,583,066
5$6,877,133$2,501,559$615,503$3,760,070
6$7,220,990$2,628,786$646,279$3,945,925
7$7,582,039$2,762,375$678,593$4,141,072
8$7,961,141$2,902,643$712,522$4,345,977
9$8,359,198$3,049,924$748,148$4,561,126
10$8,777,158$3,204,569$785,556$4,787,034
11$9,216,016$3,366,946$824,833$5,024,237
12$9,676,817$3,537,443$866,075$5,273,299
13$10,160,658$3,716,464$909,379$5,534,815
14$10,668,691$3,904,436$954,848$5,809,407
15$11,202,125$4,101,807$1,002,590$6,097,728
16$11,762,232$4,309,046$1,052,720$6,400,466
17$12,350,343$4,526,647$1,105,356$6,718,340
18$12,967,860$4,755,129$1,160,623$7,052,108
19$13,616,253$4,995,034$1,218,655$7,402,565
20$14,297,066$5,246,935$1,279,587$7,770,544
21$15,011,919$5,511,430$1,343,567$8,156,922
22$15,762,515$5,789,151$1,410,745$8,562,619
23$16,550,641$6,080,757$1,481,282$8,988,601
24$17,378,173$6,386,944$1,555,346$9,435,882
25$18,247,081$6,708,440$1,633,114$9,905,527
26$19,159,436$7,046,011$1,714,770$10,398,655
27$20,117,408$7,400,461$1,800,508$10,916,439
28$21,123,278$7,772,633$1,890,533$11,460,111
29$22,179,442$8,163,414$1,985,060$12,030,968
30$23,288,414$8,573,733$2,084,313$12,630,367
Total$375,900,001$137,793,608$33,643,050$204,463,341

◄ 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.