USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

For a non-Maryland resident

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The tax information provided here is based on 2022 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 $77,000,000 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 prize money, as well as deductions claimed.

State:

Maryland

Drawing Date:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$103,727$663,463
2$1,216,909$413,211$108,913$694,784
3$1,277,754$435,724$114,359$727,671
4$1,341,642$459,362$120,077$762,202
5$1,408,724$484,183$126,081$798,460
6$1,479,160$510,244$132,385$836,531
7$1,553,118$537,609$139,004$876,505
8$1,630,774$566,341$145,954$918,478
9$1,712,313$596,511$153,252$962,550
10$1,797,928$628,188$160,915$1,008,825
11$1,887,825$661,450$168,960$1,057,414
12$1,982,216$696,375$177,408$1,108,433
13$2,081,327$733,046$186,279$1,162,002
14$2,185,393$771,550$195,593$1,218,250
15$2,294,663$811,980$205,372$1,277,310
16$2,409,396$854,431$215,641$1,339,323
17$2,529,865$899,005$226,423$1,404,437
18$2,656,359$945,808$237,744$1,472,807
19$2,789,177$994,950$249,631$1,544,595
20$2,928,635$1,046,550$262,113$1,619,972
21$3,075,067$1,100,730$275,219$1,699,119
22$3,228,821$1,157,619$288,979$1,782,223
23$3,390,262$1,217,352$303,428$1,869,481
24$3,559,775$1,280,072$318,600$1,961,103
25$3,737,763$1,345,927$334,530$2,057,306
26$3,924,652$1,415,076$351,256$2,158,319
27$4,120,884$1,487,682$368,819$2,264,383
28$4,326,928$1,563,918$387,260$2,375,750
29$4,543,275$1,643,967$406,623$2,492,685
30$4,770,439$1,728,017$426,954$2,615,467
Total$77,000,000$27,378,648$6,891,499$42,729,848

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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.