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Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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The tax information provided here is based on 2022 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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$320,611$1,973,247
2$3,761,354$1,354,656$336,641$2,070,057
3$3,949,421$1,424,241$353,473$2,171,707
4$4,146,892$1,497,305$371,147$2,278,440
5$4,354,237$1,574,023$389,704$2,390,510
6$4,571,949$1,654,576$409,189$2,508,183
7$4,800,546$1,739,157$429,649$2,631,740
8$5,040,574$1,827,967$451,131$2,761,475
9$5,292,602$1,921,218$473,688$2,897,697
10$5,557,232$2,019,131$497,372$3,040,729
11$5,835,094$2,121,940$522,241$3,190,913
12$6,126,849$2,229,889$548,353$3,348,607
13$6,433,191$2,343,236$575,771$3,514,185
14$6,754,851$2,462,250$604,559$3,688,042
15$7,092,593$2,587,215$634,787$3,870,592
16$7,447,223$2,718,428$666,526$4,062,269
17$7,819,584$2,856,201$699,853$4,263,530
18$8,210,563$3,000,863$734,845$4,474,854
19$8,621,091$3,152,759$771,588$4,696,745
20$9,052,146$3,312,249$810,167$4,929,730
21$9,504,753$3,479,714$850,675$5,174,364
22$9,979,991$3,655,552$893,209$5,431,230
23$10,478,991$3,840,181$937,870$5,700,939
24$11,002,940$4,034,043$984,763$5,984,134
25$11,553,087$4,237,597$1,034,001$6,281,488
26$12,130,741$4,451,329$1,085,701$6,593,711
27$12,737,279$4,675,748$1,139,986$6,921,544
28$13,374,142$4,911,388$1,196,986$7,265,769
29$14,042,849$5,158,809$1,256,835$7,627,205
30$14,744,992$5,418,602$1,319,677$8,006,713
Total$238,000,000$86,948,651$21,300,998$129,750,349

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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.