USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 1998

For a non-Maryland resident

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

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 $12,000,000 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:Tue, Sep 8, 1998
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$36,195$16,165$128,257
2$189,648$38,363$16,974$134,312
3$199,130$40,785$17,822$140,524
4$209,087$43,971$18,713$146,403
5$219,541$47,316$19,649$152,576
6$230,518$50,829$20,631$159,058
7$242,044$54,517$21,663$165,864
8$254,147$58,499$22,746$172,902
9$266,854$62,946$23,883$180,024
10$280,197$67,616$25,078$187,503
11$294,206$72,519$26,331$195,355
12$308,917$77,668$27,648$203,601
13$324,363$83,074$29,030$212,258
14$340,581$88,750$30,482$221,348
15$357,610$94,711$32,006$230,893
16$375,490$100,969$33,606$240,915
17$394,265$107,540$35,287$251,438
18$413,978$114,440$37,051$262,487
19$434,677$121,684$38,904$274,089
20$456,411$129,291$40,849$286,271
21$479,231$137,278$42,891$299,062
22$503,193$145,665$45,036$312,492
23$528,352$154,471$47,288$326,594
24$554,770$163,717$49,652$341,401
25$582,509$173,425$52,135$356,949
26$611,634$183,619$54,741$373,274
27$642,216$194,640$57,478$390,097
28$674,327$206,521$60,352$407,453
29$708,043$218,996$63,370$425,677
30$743,445$232,095$66,538$444,812
Total$12,000,000$3,302,110$1,073,999$7,623,889

◄ Back to Jackpot Analysis

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.