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

Mega Millions Annuity Jackpot Analysis for Maryland (Aug. 7, 2018 Drawing)

For an out-of-state resident

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 $55,000,000 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:  Aug. 7, 2018
Jackpot:$55,000,000
Federal Tax:  24%
State Tax:7.50% (For an out-of-state resident)
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$198,679$62,087$567,063
2$869,220$208,613$65,192$595,416
3$912,681$219,044$68,451$625,187
4$958,315$229,996$71,874$656,446
5$1,006,231$241,495$75,467$689,268
6$1,056,543$253,570$79,241$723,732
7$1,109,370$266,249$83,203$759,918
8$1,164,838$279,561$87,363$797,914
9$1,223,080$293,539$91,731$837,810
10$1,284,234$308,216$96,318$879,701
11$1,348,446$323,627$101,133$923,686
12$1,415,868$339,808$106,190$969,870
13$1,486,662$356,799$111,500$1,018,363
14$1,560,995$374,639$117,075$1,069,282
15$1,639,045$393,371$122,928$1,122,746
16$1,720,997$413,039$129,075$1,178,883
17$1,807,047$433,691$135,529$1,237,827
18$1,897,399$455,376$142,305$1,299,718
19$1,992,269$478,145$149,420$1,364,704
20$2,091,882$502,052$156,891$1,432,940
21$2,196,477$527,154$164,736$1,504,586
22$2,306,300$553,512$172,973$1,579,816
23$2,421,615$581,188$181,621$1,658,807
24$2,542,696$610,247$190,702$1,741,747
25$2,669,831$640,759$200,237$1,828,834
26$2,803,323$672,797$210,249$1,920,276
27$2,943,489$706,437$220,762$2,016,290
28$3,090,663$741,759$231,800$2,117,104
29$3,245,196$778,847$243,390$2,222,959
30$3,407,456$817,789$255,559$2,334,107
Total$55,000,000$13,200,000$4,125,000$37,675,000
<( 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.