USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,547,787$626,403$3,824,727
2$7,348,863$2,677,267$657,723$4,013,873
3$7,716,306$2,813,221$690,609$4,212,476
4$8,102,122$2,955,973$725,140$4,421,009
5$8,507,228$3,105,862$761,397$4,639,969
6$8,932,589$3,263,246$799,467$4,869,877
7$9,379,219$3,428,499$839,440$5,111,280
8$9,848,180$3,602,014$881,412$5,364,753
9$10,340,589$3,784,206$925,483$5,630,900
10$10,857,618$3,975,506$971,757$5,910,355
11$11,400,499$4,176,372$1,020,345$6,203,782
12$11,970,524$4,387,282$1,071,362$6,511,880
13$12,569,050$4,608,736$1,124,930$6,835,384
14$13,197,503$4,841,264$1,181,176$7,175,062
15$13,857,378$5,085,417$1,240,235$7,531,725
16$14,550,247$5,341,779$1,302,247$7,906,221
17$15,277,759$5,610,958$1,367,359$8,299,441
18$16,041,647$5,893,597$1,435,727$8,712,322
19$16,843,729$6,190,367$1,507,514$9,145,848
20$17,685,916$6,501,977$1,582,889$9,601,050
21$18,570,211$6,829,166$1,662,034$10,079,011
22$19,498,722$7,172,715$1,745,136$10,580,871
23$20,473,658$7,533,441$1,832,392$11,107,824
24$21,497,341$7,912,204$1,924,012$11,661,125
25$22,572,208$8,309,905$2,020,213$12,242,090
26$23,700,818$8,727,491$2,121,223$12,852,105
27$24,885,859$9,165,956$2,227,284$13,492,619
28$26,130,152$9,626,344$2,338,649$14,165,159
29$27,436,660$10,109,752$2,455,581$14,871,327
30$28,808,493$10,617,330$2,578,360$15,612,803
Total$465,000,001$170,795,634$41,617,499$252,586,868

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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.