USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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 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 $380,000,000 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 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,074,420$511,899$3,133,226
2$6,005,523$2,180,231$537,494$3,287,797
3$6,305,799$2,291,333$564,369$3,450,096
4$6,621,089$2,407,991$592,587$3,620,511
5$6,952,143$2,530,481$622,217$3,799,446
6$7,299,750$2,659,095$653,328$3,987,327
7$7,664,738$2,794,141$685,994$4,184,603
8$8,047,975$2,935,938$720,294$4,391,743
9$8,450,374$3,084,826$756,308$4,609,239
10$8,872,892$3,241,158$794,124$4,837,610
11$9,316,537$3,405,306$833,830$5,077,400
12$9,782,364$3,577,662$875,522$5,329,180
13$10,271,482$3,758,636$919,298$5,593,548
14$10,785,056$3,948,658$965,263$5,871,135
15$11,324,309$4,148,182$1,013,526$6,162,601
16$11,890,524$4,357,682$1,064,202$6,468,641
17$12,485,050$4,577,656$1,117,412$6,789,982
18$13,109,303$4,808,630$1,173,283$7,127,390
19$13,764,768$5,051,152$1,231,947$7,481,669
20$14,453,006$5,305,800$1,293,544$7,853,662
21$15,175,656$5,573,181$1,358,221$8,244,255
22$15,934,439$5,853,930$1,426,132$8,654,377
23$16,731,161$6,148,717$1,497,439$9,085,005
24$17,567,719$6,458,244$1,572,311$9,537,164
25$18,446,105$6,783,247$1,650,926$10,011,932
26$19,368,411$7,124,500$1,733,473$10,510,438
27$20,336,831$7,482,815$1,820,146$11,033,870
28$21,353,673$7,859,047$1,911,154$11,583,472
29$22,421,356$8,254,090$2,006,711$12,160,555
30$23,542,424$8,668,885$2,107,047$12,766,493
Total$380,000,001$139,345,634$34,010,001$206,644,367

◄ 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.