USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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 money, as well as deductions claimed.

State:

Maryland

Drawing Date:Mon, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$623,305$3,806,016
2$7,312,514$2,663,818$654,470$3,994,226
3$7,678,140$2,799,099$687,193$4,191,847
4$8,062,047$2,941,145$721,553$4,399,349
5$8,465,149$3,090,293$757,631$4,617,225
6$8,888,406$3,246,898$795,512$4,845,996
7$9,332,827$3,411,334$835,288$5,086,205
8$9,799,468$3,583,991$877,052$5,338,425
9$10,289,442$3,765,281$920,905$5,603,255
10$10,803,914$3,955,636$966,950$5,881,328
11$11,344,109$4,155,508$1,015,298$6,173,303
12$11,911,315$4,365,374$1,066,063$6,479,878
13$12,506,880$4,585,734$1,119,366$6,801,781
14$13,132,225$4,817,111$1,175,334$7,139,780
15$13,788,836$5,060,057$1,234,101$7,494,678
16$14,478,278$5,315,150$1,295,806$7,867,321
17$15,202,191$5,582,999$1,360,596$8,258,597
18$15,962,301$5,864,239$1,428,626$8,669,436
19$16,760,416$6,159,542$1,500,057$9,100,817
20$17,598,437$6,469,609$1,575,060$9,553,767
21$18,478,359$6,795,180$1,653,813$10,029,365
22$19,402,276$7,137,030$1,736,504$10,528,743
23$20,372,390$7,495,972$1,823,329$11,053,089
24$21,391,010$7,872,861$1,914,495$11,603,653
25$22,460,560$8,268,595$2,010,220$12,181,745
26$23,583,589$8,684,116$2,110,731$12,788,742
27$24,762,768$9,120,412$2,216,268$13,426,088
28$26,000,906$9,578,523$2,327,081$14,095,302
29$27,300,951$10,059,540$2,443,435$14,797,976
30$28,665,999$10,564,607$2,565,607$15,535,785
Total$462,700,001$169,944,632$41,411,649$251,343,718

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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.