USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 2021

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 $750,000,000 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, Jan 15, 2021
Jackpot:$750,000,000
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$11,288,576$4,140,845$903,086$6,244,645
2$11,853,005$4,349,684$948,240$6,555,081
3$12,445,655$4,568,965$995,652$6,881,038
4$13,067,939$4,799,209$1,045,435$7,223,294
5$13,721,335$5,040,966$1,097,707$7,582,662
6$14,407,402$5,294,811$1,152,592$7,959,999
7$15,127,772$5,561,348$1,210,222$8,356,202
8$15,884,161$5,841,212$1,270,733$8,772,216
9$16,678,369$6,135,069$1,334,270$9,209,031
10$17,512,287$6,443,618$1,400,983$9,667,686
11$18,387,902$6,767,596$1,471,032$10,149,274
12$19,307,297$7,107,772$1,544,584$10,654,941
13$20,272,661$7,464,957$1,621,813$11,185,891
14$21,286,295$7,840,001$1,702,904$11,743,390
15$22,350,609$8,233,798$1,788,049$12,328,763
16$23,468,140$8,647,284$1,877,451$12,943,405
17$24,641,546$9,081,444$1,971,324$13,588,778
18$25,873,624$9,537,313$2,069,890$14,266,421
19$27,167,305$10,015,975$2,173,384$14,977,945
20$28,525,670$10,518,570$2,282,054$15,725,046
21$29,951,954$11,046,295$2,396,156$16,509,502
22$31,449,551$11,600,406$2,515,964$17,333,181
23$33,022,029$12,182,223$2,641,762$18,198,044
24$34,673,130$12,793,130$2,773,850$19,106,149
25$36,406,787$13,434,583$2,912,543$20,059,660
26$38,227,127$14,108,109$3,058,170$21,060,847
27$40,138,483$14,815,311$3,211,079$22,112,093
28$42,145,406$15,557,873$3,371,633$23,215,901
29$44,252,677$16,337,563$3,540,214$24,374,900
30$46,465,311$17,156,237$3,717,225$25,591,849
Total$750,000,002$276,422,167$60,000,000$413,577,834

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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.