USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

For a non-Maryland resident

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The tax information provided here is based on 2024 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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$695,105$4,239,627
2$8,154,868$2,975,489$729,861$4,449,518
3$8,562,611$3,126,354$766,354$4,669,903
4$8,990,742$3,284,762$804,671$4,901,308
5$9,440,278$3,451,091$844,905$5,144,283
6$9,912,292$3,625,736$887,150$5,399,406
7$10,407,907$3,809,113$931,508$5,667,286
8$10,928,303$4,001,660$978,083$5,948,560
9$11,474,718$4,203,833$1,026,987$6,243,897
10$12,048,453$4,416,116$1,078,337$6,554,001
11$12,650,876$4,639,012$1,132,253$6,879,611
12$13,283,420$4,873,053$1,188,866$7,221,501
13$13,947,591$5,118,796$1,248,309$7,580,485
14$14,644,971$5,376,827$1,310,725$7,957,419
15$15,377,219$5,647,759$1,376,261$8,353,199
16$16,146,080$5,932,237$1,445,074$8,768,769
17$16,953,384$6,230,940$1,517,328$9,205,116
18$17,801,053$6,544,577$1,593,194$9,663,281
19$18,691,106$6,873,897$1,672,854$10,144,355
20$19,625,661$7,219,682$1,756,497$10,649,482
21$20,606,944$7,582,757$1,844,321$11,179,865
22$21,637,291$7,963,986$1,936,538$11,736,768
23$22,719,156$8,364,275$2,033,364$12,321,516
24$23,855,113$8,784,580$2,135,033$12,935,501
25$25,047,869$9,225,899$2,241,784$13,580,186
26$26,300,263$9,689,285$2,353,874$14,257,104
27$27,615,276$10,175,840$2,471,567$14,967,869
28$28,996,040$10,686,722$2,595,146$15,714,172
29$30,445,842$11,223,149$2,724,903$16,497,790
30$31,968,134$11,786,397$2,861,148$17,320,589
Total$516,000,001$189,665,632$46,182,000$280,152,367

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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.