USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

For a non-Maryland resident

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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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$541,768$141,446$897,186
2$1,659,421$571,006$148,518$939,897
3$1,742,392$601,705$155,944$984,742
4$1,829,511$633,939$163,741$1,031,831
5$1,920,987$667,785$171,928$1,081,273
6$2,017,036$703,324$180,525$1,133,188
7$2,117,888$740,639$189,551$1,187,698
8$2,223,783$779,820$199,029$1,244,934
9$2,334,972$820,960$208,980$1,305,032
10$2,451,720$864,157$219,429$1,368,135
11$2,574,306$909,514$230,400$1,434,392
12$2,703,022$957,138$241,920$1,503,963
13$2,838,173$1,007,144$254,016$1,577,012
14$2,980,081$1,059,650$266,717$1,653,714
15$3,129,085$1,114,782$280,053$1,734,250
16$3,285,540$1,172,670$294,056$1,818,814
17$3,449,816$1,233,452$308,759$1,907,606
18$3,622,307$1,297,274$324,197$2,000,837
19$3,803,423$1,364,287$340,406$2,098,730
20$3,993,594$1,434,650$357,427$2,201,517
21$4,193,273$1,508,531$375,298$2,309,444
22$4,402,937$1,586,107$394,063$2,422,767
23$4,623,084$1,667,561$413,766$2,541,757
24$4,854,238$1,753,088$434,454$2,666,695
25$5,096,950$1,842,892$456,177$2,797,881
26$5,351,798$1,937,185$478,986$2,935,626
27$5,619,388$2,036,194$502,935$3,080,259
28$5,900,357$2,140,152$528,082$3,232,123
29$6,195,375$2,249,309$554,486$3,391,580
30$6,505,144$2,363,923$582,210$3,559,010
Total$105,000,000$37,560,606$9,397,499$58,041,893

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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.