USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 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 $87,000,000 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, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$117,198$749,583
2$1,374,949$466,919$123,058$784,972
3$1,443,696$492,355$129,211$822,130
4$1,515,881$519,064$135,671$861,146
5$1,591,675$547,107$142,455$902,112
6$1,671,259$576,553$149,578$945,128
7$1,754,822$607,472$157,057$990,293
8$1,842,563$639,936$164,909$1,037,717
9$1,934,691$674,023$173,155$1,087,513
10$2,031,425$709,815$181,813$1,139,798
11$2,132,997$747,396$190,903$1,194,697
12$2,239,646$786,857$200,448$1,252,341
13$2,351,629$828,290$210,471$1,312,868
14$2,469,210$871,796$220,994$1,376,420
15$2,592,671$917,476$232,044$1,443,151
16$2,722,304$965,440$243,646$1,513,218
17$2,858,419$1,015,803$255,829$1,586,788
18$3,001,340$1,068,684$268,620$1,664,037
19$3,151,407$1,124,208$282,051$1,745,148
20$3,308,978$1,182,510$296,154$1,830,315
21$3,474,427$1,243,726$310,961$1,919,740
22$3,648,148$1,308,002$326,509$2,013,636
23$3,830,555$1,375,493$342,835$2,112,227
24$4,022,083$1,446,358$359,976$2,215,748
25$4,223,187$1,520,767$377,975$2,324,445
26$4,434,347$1,598,896$396,874$2,438,577
27$4,656,064$1,680,931$416,718$2,558,415
28$4,888,867$1,767,069$437,554$2,684,245
29$5,133,311$1,857,513$459,431$2,816,367
30$5,389,976$1,952,479$482,403$2,955,094
Total$87,000,000$30,935,631$7,786,501$48,277,869

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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.