USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Maryland

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

The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $192,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Maryland

Drawing Date:  Tue, Apr 23, 2019
Jackpot:$192,000,000
Federal Tax:  24%
State Tax:8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,889,876$693,570$252,864$1,943,441
2$3,034,369$728,249$265,507$2,040,613
3$3,186,088$764,661$278,783$2,142,644
4$3,345,392$802,894$292,722$2,249,776
5$3,512,662$843,039$307,358$2,362,265
6$3,688,295$885,191$322,726$2,480,378
7$3,872,710$929,450$338,862$2,604,397
8$4,066,345$975,923$355,805$2,734,617
9$4,269,662$1,024,719$373,595$2,871,348
10$4,483,145$1,075,955$392,275$3,014,915
11$4,707,303$1,129,753$411,889$3,165,661
12$4,942,668$1,186,240$432,483$3,323,944
13$5,189,801$1,245,552$454,108$3,490,141
14$5,449,291$1,307,830$476,813$3,664,648
15$5,721,756$1,373,221$500,654$3,847,881
16$6,007,844$1,441,883$525,686$4,040,275
17$6,308,236$1,513,977$551,971$4,242,289
18$6,623,648$1,589,675$579,569$4,454,403
19$6,954,830$1,669,159$608,548$4,677,123
20$7,302,572$1,752,617$638,975$4,910,979
21$7,667,700$1,840,248$670,924$5,156,528
22$8,051,085$1,932,260$704,470$5,414,355
23$8,453,639$2,028,873$739,693$5,685,073
24$8,876,321$2,130,317$776,678$5,969,326
25$9,320,137$2,236,833$815,512$6,267,792
26$9,786,144$2,348,675$856,288$6,581,182
27$10,275,452$2,466,108$899,102$6,910,241
28$10,789,224$2,589,414$944,057$7,255,753
29$11,328,685$2,718,884$991,260$7,618,541
30$11,895,120$2,854,829$1,040,823$7,999,468
Total$192,000,000$46,080,000$16,800,000$129,120,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.