USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Feb 14, 1997

For a non-Maryland resident

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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 Mega Millions 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 $13,000,000 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:Fri, Feb 14, 1997
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,807$18,589$137,273
2$205,452$42,808$19,518$143,126
3$215,725$46,095$20,494$149,136
4$226,511$49,546$21,519$155,446
5$237,836$53,171$22,594$162,071
6$249,728$56,976$23,724$169,028
7$262,215$61,322$24,910$175,982
8$275,325$65,911$26,156$183,258
9$289,092$70,729$27,464$190,899
10$303,546$75,788$28,837$198,921
11$318,724$81,101$30,279$207,344
12$334,660$86,678$31,793$216,189
13$351,393$92,535$33,382$225,476
14$368,962$98,684$35,051$235,227
15$387,411$105,141$36,804$245,466
16$406,781$111,921$38,644$256,216
17$427,120$119,039$40,576$267,504
18$448,476$126,514$42,605$279,357
19$470,900$134,362$44,735$291,802
20$494,445$142,603$46,972$304,870
21$519,167$151,256$49,321$318,591
22$545,126$160,341$51,787$332,997
23$572,382$169,881$54,376$348,125
24$601,001$179,898$57,095$364,008
25$631,051$190,509$59,950$380,592
26$662,604$202,184$62,947$397,473
27$695,734$214,442$66,095$415,197
28$730,520$227,313$69,399$433,808
29$767,046$240,827$72,869$453,350
30$805,399$255,018$76,513$473,868
Total$13,000,000$3,652,400$1,234,998$8,112,600

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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.