USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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

The tax information provided here is based on 2024 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 $18,000,000 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, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$24,248$181,479
2$284,472$69,940$25,460$189,072
3$298,696$74,918$26,733$197,044
4$313,631$80,145$28,070$205,415
5$329,312$85,634$29,473$214,205
6$345,778$91,397$30,947$223,434
7$363,067$97,448$32,494$233,124
8$381,220$103,802$34,119$243,299
9$400,281$110,473$35,825$253,983
10$420,295$117,478$37,616$265,201
11$441,310$124,833$39,497$276,979
12$463,375$132,556$41,472$289,347
13$486,544$140,665$43,546$302,333
14$510,871$149,180$45,723$315,968
15$536,415$158,120$48,009$330,286
16$563,235$167,507$50,410$345,319
17$591,397$177,364$52,930$361,103
18$620,967$187,946$55,577$377,445
19$652,015$199,433$58,355$394,227
20$684,616$211,496$61,273$411,847
21$718,847$224,161$64,337$430,349
22$754,789$237,460$67,554$449,776
23$792,529$251,423$70,931$470,174
24$832,155$266,085$74,478$491,592
25$873,763$281,480$78,202$514,081
26$917,451$297,645$82,112$537,695
27$963,324$314,617$86,217$562,489
28$1,011,490$332,439$90,528$588,522
29$1,062,064$351,152$95,055$615,858
30$1,115,167$370,800$99,807$644,560
Total$18,000,000$5,472,796$1,610,998$10,916,206

◄ 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.