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 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 $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 prize 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$547,703$141,446$891,252
2$1,659,421$576,941$148,518$933,962
3$1,742,392$607,640$155,944$978,808
4$1,829,511$639,874$163,741$1,025,896
5$1,920,987$673,720$171,928$1,075,338
6$2,017,036$709,258$180,525$1,127,253
7$2,117,888$746,574$189,551$1,181,764
8$2,223,783$785,755$199,029$1,238,999
9$2,334,972$826,895$208,980$1,299,097
10$2,451,720$870,091$219,429$1,362,200
11$2,574,306$915,448$230,400$1,428,458
12$2,703,022$963,073$241,920$1,498,028
13$2,838,173$1,013,079$254,016$1,571,077
14$2,980,081$1,065,585$266,717$1,647,779
15$3,129,085$1,120,717$280,053$1,728,316
16$3,285,540$1,178,605$294,056$1,812,879
17$3,449,816$1,239,387$308,759$1,901,671
18$3,622,307$1,303,209$324,197$1,994,902
19$3,803,423$1,370,221$340,406$2,092,795
20$3,993,594$1,440,585$357,427$2,195,582
21$4,193,273$1,514,466$375,298$2,303,509
22$4,402,937$1,592,042$394,063$2,416,833
23$4,623,084$1,673,496$413,766$2,535,822
24$4,854,238$1,759,023$434,454$2,660,761
25$5,096,950$1,848,827$456,177$2,791,947
26$5,351,798$1,943,120$478,986$2,929,692
27$5,619,388$2,042,128$502,935$3,074,324
28$5,900,357$2,146,087$528,082$3,226,188
29$6,195,375$2,255,244$554,486$3,385,645
30$6,505,144$2,369,858$582,210$3,553,075
Total$105,000,000$37,738,651$9,397,499$57,863,852

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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.