USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 1998

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 $25,000,000 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, Nov 20, 1998
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$101,247$33,678$241,361
2$395,100$107,832$35,361$251,906
3$414,855$114,747$37,130$262,979
4$435,598$122,007$38,986$274,605
5$457,378$129,629$40,935$286,813
6$480,247$137,634$42,982$299,631
7$504,259$146,038$45,131$313,090
8$529,472$154,862$47,388$327,222
9$555,946$164,128$49,757$342,060
10$583,743$173,857$52,245$357,641
11$612,930$184,073$54,857$374,000
12$643,577$195,144$57,600$390,833
13$675,755$207,050$60,480$408,226
14$709,543$219,551$63,504$426,488
15$745,020$232,678$66,679$445,663
16$782,271$246,461$70,013$465,797
17$821,385$260,933$73,514$486,938
18$862,454$276,128$77,190$509,136
19$905,577$292,084$81,049$532,444
20$950,856$308,837$85,102$556,917
21$998,398$326,428$89,357$582,614
22$1,048,318$344,898$93,824$609,596
23$1,100,734$364,292$98,516$637,927
24$1,155,771$384,656$103,442$667,674
25$1,213,560$406,037$108,614$698,909
26$1,274,238$428,488$114,044$731,705
27$1,337,949$452,062$119,746$766,141
28$1,404,847$476,814$125,734$802,299
29$1,475,089$502,803$132,020$840,265
30$1,548,844$530,092$138,622$880,130
Total$25,000,000$7,991,490$2,237,500$14,771,010

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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.