USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 2022

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 $45,000,000 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, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$60,620$407,901
2$711,180$221,324$63,651$426,205
3$746,739$234,481$66,833$445,425
4$784,076$248,296$70,175$465,605
5$823,280$262,801$73,684$486,795
6$864,444$278,032$77,368$509,044
7$907,666$294,024$81,236$532,406
8$953,050$310,816$85,298$556,936
9$1,000,702$328,448$89,563$582,692
10$1,050,737$346,961$94,041$609,736
11$1,103,274$366,399$98,743$638,132
12$1,158,438$386,810$103,680$667,948
13$1,216,360$408,241$108,864$699,255
14$1,277,178$430,743$114,307$732,127
15$1,341,037$454,371$120,023$766,642
16$1,408,088$479,180$126,024$802,884
17$1,478,493$505,230$132,325$840,938
18$1,552,417$532,582$138,941$880,894
19$1,630,038$561,302$145,888$922,848
20$1,711,540$591,458$153,183$966,900
21$1,797,117$623,121$160,842$1,013,154
22$1,886,973$656,368$168,884$1,061,721
23$1,981,322$691,277$177,328$1,112,717
24$2,080,388$727,931$186,195$1,166,262
25$2,184,407$766,418$195,504$1,222,484
26$2,293,628$806,830$205,280$1,281,518
27$2,408,309$849,262$215,544$1,343,503
28$2,528,724$893,816$226,321$1,408,588
29$2,655,161$940,597$237,637$1,476,927
30$2,787,919$989,718$249,519$1,548,682
Total$45,000,000$15,395,631$4,027,501$25,576,869

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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.