USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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 $188,000,000 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:Fri, Nov 20, 2020
Jackpot:$188,000,000
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$2,829,670$1,011,050$226,374$1,592,246
2$2,971,153$1,063,399$237,692$1,670,062
3$3,119,711$1,118,365$249,577$1,751,769
4$3,275,697$1,176,080$262,056$1,837,561
5$3,439,481$1,236,680$275,158$1,927,642
6$3,611,455$1,300,311$288,916$2,022,228
7$3,792,028$1,367,123$303,362$2,121,543
8$3,981,630$1,437,275$318,530$2,225,824
9$4,180,711$1,510,935$334,457$2,335,319
10$4,389,747$1,588,278$351,180$2,450,288
11$4,609,234$1,669,489$368,739$2,571,006
12$4,839,696$1,754,760$387,176$2,697,760
13$5,081,680$1,844,294$406,534$2,830,852
14$5,335,764$1,938,305$426,861$2,970,598
15$5,602,553$2,037,017$448,204$3,117,332
16$5,882,680$2,140,664$470,614$3,271,402
17$6,176,814$2,249,494$494,145$3,433,176
18$6,485,655$2,363,765$518,852$3,603,038
19$6,809,938$2,483,749$544,795$3,781,393
20$7,150,435$2,609,733$572,035$3,968,667
21$7,507,956$2,742,016$600,637$4,165,304
22$7,883,354$2,880,913$630,668$4,371,773
23$8,277,522$3,026,755$662,202$4,588,565
24$8,691,398$3,179,889$695,312$4,816,197
25$9,125,968$3,340,680$730,077$5,055,210
26$9,582,266$3,509,511$766,581$5,306,174
27$10,061,380$3,686,783$804,910$5,569,687
28$10,564,449$3,872,918$845,156$5,846,374
29$11,092,671$4,068,361$887,414$6,136,897
30$11,647,305$4,273,575$931,784$6,441,945
Total$188,000,000$68,482,167$15,039,998$104,477,832

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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.