USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $57,000,000 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, Aug 25, 2020
Jackpot:$57,000,000
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$857,932$281,507$68,635$507,790
2$900,828$297,379$72,066$531,383
3$945,870$314,044$75,670$556,156
4$993,163$331,543$79,453$582,168
5$1,042,821$349,916$83,426$609,480
6$1,094,963$369,208$87,597$638,157
7$1,149,711$389,465$91,977$668,269
8$1,207,196$410,735$96,576$699,886
9$1,267,556$433,068$101,404$733,084
10$1,330,934$456,518$106,475$767,941
11$1,397,481$481,140$111,798$804,542
12$1,467,355$506,993$117,388$842,973
13$1,540,722$534,139$123,258$883,325
14$1,617,758$562,643$129,421$925,695
15$1,698,646$592,571$135,892$970,183
16$1,783,579$623,996$142,686$1,016,896
17$1,872,758$656,993$149,821$1,065,944
18$1,966,395$691,639$157,312$1,117,445
19$2,064,715$728,017$165,177$1,171,521
20$2,167,951$766,214$173,436$1,228,301
21$2,276,348$806,321$182,108$1,287,919
22$2,390,166$848,434$191,213$1,350,519
23$2,509,674$892,652$200,774$1,416,249
24$2,635,158$939,081$210,813$1,485,265
25$2,766,916$987,831$221,353$1,557,731
26$2,905,262$1,039,019$232,421$1,633,822
27$3,050,525$1,092,766$244,042$1,713,716
28$3,203,051$1,149,201$256,244$1,797,606
29$3,363,203$1,208,458$269,056$1,885,690
30$3,531,364$1,270,677$282,509$1,978,178
Total$57,000,000$20,012,168$4,560,001$32,427,834

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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.