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Maryland Mega Millions Jackpot Annuity Payout Schedule for Oct 11, 2013

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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 $22,000,000 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, Oct 11, 2013
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$85,443$31,457$214,231
2$347,688$91,238$33,030$223,420
3$365,073$97,323$34,682$233,068
4$383,326$103,711$36,416$243,199
5$402,492$110,420$38,237$253,836
6$422,617$117,463$40,149$265,005
7$443,748$124,859$42,156$276,733
8$465,935$132,625$44,264$289,047
9$489,232$140,779$46,477$301,977
10$513,694$149,340$48,801$315,553
11$539,378$158,330$51,241$329,808
12$566,347$167,769$53,803$344,776
13$594,665$177,680$56,493$360,492
14$624,398$188,087$59,318$376,994
15$655,618$199,599$62,284$393,735
16$688,399$211,728$65,398$411,273
17$722,819$224,463$68,668$429,688
18$758,960$237,835$72,101$449,023
19$796,908$251,876$75,706$469,325
20$836,753$266,619$79,492$490,643
21$878,591$282,099$83,466$513,026
22$922,520$298,353$87,639$536,528
23$968,646$315,419$92,021$561,205
24$1,017,078$333,339$96,622$587,117
25$1,067,932$352,155$101,454$614,324
26$1,121,329$371,912$106,526$642,891
27$1,177,395$392,657$111,853$672,886
28$1,236,265$414,438$117,445$704,382
29$1,298,079$437,309$123,317$737,452
30$1,362,982$461,324$129,483$772,175
Total$22,000,000$6,896,192$2,089,999$13,013,812

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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.