USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jun 6, 2017

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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 $80,000,000 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, Jun 6, 2017
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 6.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$402,543$78,267$723,305
2$1,264,321$424,819$82,181$757,321
3$1,327,537$448,209$86,290$793,038
4$1,393,913$472,768$90,604$830,541
5$1,463,609$498,556$95,135$869,919
6$1,536,790$525,632$99,891$911,266
7$1,613,629$554,063$104,886$954,680
8$1,694,310$583,915$110,130$1,000,265
9$1,779,026$615,260$115,637$1,048,129
10$1,867,977$648,172$121,419$1,098,387
11$1,961,376$682,729$127,489$1,151,157
12$2,059,445$719,015$133,864$1,206,566
13$2,162,417$757,115$140,557$1,264,745
14$2,270,538$797,119$147,585$1,325,834
15$2,384,065$839,124$154,964$1,389,976
16$2,503,268$883,229$162,712$1,457,326
17$2,628,432$929,540$170,848$1,528,044
18$2,759,853$978,166$179,390$1,602,297
19$2,897,846$1,029,223$188,360$1,680,263
20$3,042,738$1,082,833$197,778$1,762,127
21$3,194,875$1,139,124$207,667$1,848,084
22$3,354,619$1,198,229$218,050$1,938,339
23$3,522,350$1,260,290$228,953$2,033,107
24$3,698,467$1,325,453$240,400$2,132,614
25$3,883,391$1,393,875$252,420$2,237,095
26$4,077,560$1,465,718$265,041$2,346,801
27$4,281,438$1,541,152$278,293$2,461,992
28$4,495,510$1,620,359$292,208$2,582,943
29$4,720,286$1,703,526$306,819$2,709,941
30$4,956,300$1,790,851$322,159$2,843,289
Total$80,000,000$28,310,607$5,199,997$46,489,391

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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.