USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Mar 25, 2014

For a non-Maryland resident

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The tax information provided here is based on 2021 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 $20,000,000 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:Tue, Mar 25, 2014
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 8% (For a non-Maryland resident)
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$24,082$197,042
2$316,080$85,172$25,286$205,621
3$331,884$90,704$26,551$214,630
4$348,478$96,512$27,878$224,088
5$365,902$102,610$29,272$234,020
6$384,197$109,013$30,736$244,448
7$403,407$115,737$32,273$255,398
8$423,578$122,796$33,886$266,895
9$444,757$130,209$35,581$278,967
10$466,994$137,992$37,360$291,643
11$490,344$146,165$39,228$304,952
12$514,861$154,746$41,189$318,927
13$540,604$164,096$43,248$333,260
14$567,635$174,097$45,411$348,127
15$596,016$184,598$47,681$363,737
16$625,817$195,625$50,065$380,127
17$657,108$207,202$52,569$397,337
18$689,963$219,359$55,197$415,408
19$724,461$232,123$57,957$434,382
20$760,685$245,526$60,855$454,304
21$798,719$259,598$63,898$475,223
22$838,655$274,374$67,092$497,188
23$880,587$289,890$70,447$520,251
24$924,617$306,180$73,969$544,467
25$970,848$323,286$77,668$569,894
26$1,019,390$341,247$81,551$596,592
27$1,070,360$360,105$85,629$624,625
28$1,123,878$379,907$89,910$654,060
29$1,180,071$400,699$94,406$684,967
30$1,239,075$422,530$99,126$717,419
Total$20,000,000$6,352,002$1,600,001$12,047,999

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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.