USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 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 $15,000,000 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 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$20,207$156,255
2$237,060$52,922$21,217$162,921
3$248,913$56,715$22,278$169,920
4$261,359$61,023$23,392$176,944
5$274,427$65,597$24,561$184,269
6$288,148$70,399$25,789$191,960
7$302,555$75,442$27,079$200,035
8$317,683$80,736$28,433$208,514
9$333,567$86,296$29,854$217,417
10$350,246$92,133$31,347$226,765
11$367,758$98,263$32,914$236,581
12$386,146$104,698$34,560$246,888
13$405,453$111,456$36,288$257,709
14$425,726$118,551$38,102$269,072
15$447,012$126,002$40,008$281,003
16$469,363$133,824$42,008$293,531
17$492,831$142,038$44,108$306,684
18$517,472$150,663$46,314$320,496
19$543,346$159,718$48,629$334,998
20$570,513$169,227$51,061$350,226
21$599,039$179,211$53,614$366,214
22$628,991$189,747$56,295$382,949
23$660,441$201,383$59,109$399,948
24$693,463$213,601$62,065$417,796
25$728,136$226,430$65,168$436,537
26$764,543$239,901$68,427$456,215
27$802,770$254,045$71,848$476,877
28$842,908$268,896$75,440$498,572
29$885,054$284,490$79,212$521,351
30$929,306$300,864$83,173$545,270
Total$15,000,000$4,363,581$1,342,500$9,293,917

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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.