USA Mega

Maryland Powerball Jackpot Annuity Payout Schedule for Jan 1, 2025

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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 $181,100,000 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:Wed, Jan 1, 2025
Jackpot:$181,100,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,725,815$965,572$243,960$1,516,283
2$2,862,106$1,015,999$256,158$1,589,948
3$3,005,211$1,068,948$268,966$1,667,296
4$3,155,472$1,124,545$282,415$1,748,512
5$3,313,245$1,182,921$296,535$1,833,789
6$3,478,907$1,244,216$311,362$1,923,329
7$3,652,853$1,308,576$326,930$2,017,347
8$3,835,495$1,376,154$343,277$2,116,065
9$4,027,270$1,447,110$360,441$2,219,719
10$4,228,634$1,521,615$378,463$2,328,556
11$4,440,065$1,599,844$397,386$2,442,835
12$4,662,069$1,681,986$417,255$2,562,828
13$4,895,172$1,768,234$438,118$2,688,820
14$5,139,931$1,858,795$460,024$2,821,112
15$5,396,927$1,953,883$483,025$2,960,019
16$5,666,773$2,053,726$507,176$3,105,871
17$5,950,112$2,158,562$532,535$3,259,015
18$6,247,618$2,268,639$559,162$3,419,817
19$6,559,999$2,384,220$587,120$3,588,659
20$6,887,999$2,505,580$616,476$3,765,943
21$7,232,398$2,633,008$647,300$3,952,091
22$7,594,018$2,766,807$679,665$4,147,547
23$7,973,719$2,907,296$713,648$4,352,775
24$8,372,405$3,054,810$749,330$4,568,265
25$8,791,025$3,209,700$786,797$4,794,529
26$9,230,577$3,372,334$826,137$5,032,107
27$9,692,106$3,543,099$867,443$5,281,563
28$10,176,711$3,722,403$910,816$5,543,492
29$10,685,546$3,910,672$956,356$5,818,518
30$11,219,824$4,108,355$1,004,174$6,107,294
Total$181,100,000$65,717,609$16,208,450$99,173,944

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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.