USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

For a non-Maryland resident

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$348,900$2,144,088
2$4,093,238$1,477,453$366,345$2,249,440
3$4,297,900$1,553,178$384,662$2,360,060
4$4,512,795$1,632,689$403,895$2,476,211
5$4,738,434$1,716,176$424,090$2,598,169
6$4,975,356$1,803,837$445,294$2,726,225
7$5,224,124$1,895,881$467,559$2,860,684
8$5,485,330$1,992,527$490,937$3,001,866
9$5,759,597$2,094,006$515,484$3,150,107
10$6,047,576$2,200,558$541,258$3,305,760
11$6,349,955$2,312,438$568,321$3,469,196
12$6,667,453$2,429,913$596,737$3,640,803
13$7,000,826$2,553,261$626,574$3,820,991
14$7,350,867$2,682,776$657,903$4,010,189
15$7,718,410$2,818,767$690,798$4,208,846
16$8,104,331$2,961,557$725,338$4,417,436
17$8,509,547$3,111,488$761,604$4,636,455
18$8,935,025$3,268,914$799,685$4,866,426
19$9,381,776$3,434,212$839,669$5,107,895
20$9,850,865$3,607,775$881,652$5,361,437
21$10,343,408$3,790,016$925,735$5,627,657
22$10,860,578$3,981,369$972,022$5,907,188
23$11,403,607$4,182,290$1,020,623$6,200,695
24$11,973,788$4,393,256$1,071,654$6,508,877
25$12,572,477$4,614,771$1,125,237$6,832,469
26$13,201,101$4,847,362$1,181,499$7,172,240
27$13,861,156$5,091,583$1,240,573$7,529,000
28$14,554,214$5,348,014$1,302,602$7,903,597
29$15,281,924$5,617,267$1,367,732$8,296,925
30$16,046,021$5,899,983$1,436,119$8,709,919
Total$259,000,001$94,718,651$23,180,501$141,100,851

◄ Back to Jackpot Analysis

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.