USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 2002

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The tax information provided here is based on 2026 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 $9,000,000 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 22, 2002
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,109$12,869$97,485
2$142,236$26,735$13,512$101,989
3$149,348$28,441$14,188$106,718
4$156,815$30,234$14,897$111,684
5$164,656$32,115$15,642$116,898
6$172,889$34,091$16,424$122,373
7$181,533$36,166$17,246$128,122
8$190,610$38,344$18,108$134,158
9$200,140$40,632$19,013$140,495
10$210,147$43,703$19,964$146,480
11$220,655$47,066$20,962$152,627
12$231,688$50,596$22,010$159,081
13$243,272$54,303$23,111$165,858
14$255,436$58,195$24,266$172,974
15$268,207$62,642$25,480$180,086
16$281,618$67,335$26,754$187,529
17$295,699$72,264$28,091$195,343
18$310,483$77,438$29,496$203,549
19$326,008$82,872$30,971$212,165
20$342,308$88,577$32,519$221,212
21$359,423$94,567$34,145$230,711
22$377,395$100,857$35,852$240,685
23$396,264$107,462$37,645$251,157
24$416,078$114,396$39,527$262,154
25$436,881$121,678$41,504$273,700
26$458,726$129,323$43,579$285,823
27$481,662$137,351$45,758$298,553
28$505,745$145,780$48,046$311,919
29$531,032$154,630$50,448$325,954
30$557,584$163,924$52,970$340,690
Total$9,000,000$2,266,826$854,997$5,878,172

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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.