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Maryland Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 2022

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The tax information provided here is based on 2025 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 $1,337,000,000 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:Fri, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,402,815$1,801,077$10,919,877
2$21,129,957$7,775,104$1,891,131$11,463,722
3$22,186,455$8,166,009$1,985,688$12,034,759
4$23,295,778$8,576,458$2,084,972$12,634,348
5$24,460,566$9,007,430$2,189,221$13,263,916
6$25,683,595$9,459,950$2,298,682$13,924,963
7$26,967,775$9,935,097$2,413,616$14,619,062
8$28,316,164$10,434,001$2,534,297$15,347,866
9$29,731,972$10,957,850$2,661,011$16,113,111
10$31,218,570$11,507,891$2,794,062$16,916,617
11$32,779,499$12,085,435$2,933,765$17,760,299
12$34,418,474$12,691,856$3,080,453$18,646,165
13$36,139,397$13,328,597$3,234,476$19,576,324
14$37,946,368$13,997,176$3,396,200$20,552,991
15$39,843,686$14,699,184$3,566,010$21,578,492
16$41,835,870$15,436,292$3,744,310$22,655,268
17$43,927,663$16,210,256$3,931,526$23,785,882
18$46,124,047$17,022,917$4,128,102$24,973,027
19$48,430,249$17,876,212$4,334,507$26,219,529
20$50,851,761$18,772,172$4,551,233$27,528,357
21$53,394,349$19,712,929$4,778,794$28,902,625
22$56,064,067$20,700,725$5,017,734$30,345,608
23$58,867,270$21,737,910$5,268,621$31,860,739
24$61,810,633$22,826,954$5,532,052$33,451,627
25$64,901,165$23,970,451$5,808,654$35,122,059
26$68,146,224$25,171,123$6,099,087$36,876,014
27$71,553,535$26,431,828$6,404,041$38,717,666
28$75,131,211$27,755,568$6,724,243$40,651,399
29$78,887,772$29,145,496$7,060,456$42,681,820
30$82,832,161$30,604,920$7,413,478$44,813,763
Total$1,337,000,003$493,400,606$119,661,499$723,937,895

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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.