USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jun 23, 2017

For a non-Maryland resident

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The tax information provided here is based on 2026 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 $134,000,000 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, Jun 23, 2017
Jackpot:$134,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,016,892$702,207$191,605$1,123,080
2$2,117,737$739,520$201,185$1,177,032
3$2,223,624$778,698$211,244$1,233,681
4$2,334,805$819,835$221,806$1,293,163
5$2,451,545$863,029$232,897$1,355,619
6$2,574,122$908,383$244,542$1,421,198
7$2,702,829$956,004$256,769$1,490,056
8$2,837,970$1,006,006$269,607$1,562,357
9$2,979,869$1,058,509$283,088$1,638,272
10$3,128,862$1,113,636$297,242$1,717,984
11$3,285,305$1,171,520$312,104$1,801,681
12$3,449,570$1,232,298$327,709$1,889,563
13$3,622,049$1,296,115$344,095$1,981,839
14$3,803,151$1,363,123$361,299$2,078,729
15$3,993,309$1,433,482$379,364$2,180,463
16$4,192,974$1,507,358$398,333$2,287,284
17$4,402,623$1,584,928$418,249$2,399,446
18$4,622,754$1,666,376$439,162$2,517,216
19$4,853,892$1,751,897$461,120$2,640,875
20$5,096,586$1,841,694$484,176$2,770,716
21$5,351,416$1,935,981$508,384$2,907,050
22$5,618,986$2,034,982$533,804$3,050,201
23$5,899,936$2,138,934$560,494$3,200,508
24$6,194,933$2,248,082$588,519$3,358,332
25$6,504,679$2,362,689$617,945$3,524,046
26$6,829,913$2,483,025$648,842$3,698,046
27$7,171,409$2,609,379$681,284$3,880,747
28$7,529,979$2,742,050$715,348$4,072,582
29$7,906,478$2,881,354$751,115$4,274,009
30$8,301,802$3,027,624$788,671$4,485,507
Total$134,000,000$48,258,718$12,730,002$73,011,282

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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.