USA Mega

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

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

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 $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$7,403,982$1,801,077$10,918,709
2$21,129,957$7,776,272$1,891,131$11,462,554
3$22,186,455$8,167,176$1,985,688$12,033,591
4$23,295,778$8,577,626$2,084,972$12,633,180
5$24,460,566$9,008,597$2,189,221$13,262,748
6$25,683,595$9,461,118$2,298,682$13,923,795
7$26,967,775$9,936,265$2,413,616$14,617,895
8$28,316,164$10,435,168$2,534,297$15,346,699
9$29,731,972$10,959,017$2,661,011$16,111,943
10$31,218,570$11,509,059$2,794,062$16,915,449
11$32,779,499$12,086,602$2,933,765$17,759,131
12$34,418,474$12,693,023$3,080,453$18,644,997
13$36,139,397$13,329,765$3,234,476$19,575,157
14$37,946,368$13,998,344$3,396,200$20,551,824
15$39,843,686$14,700,351$3,566,010$21,577,324
16$41,835,870$15,437,460$3,744,310$22,654,100
17$43,927,663$16,211,423$3,931,526$23,784,714
18$46,124,047$17,024,085$4,128,102$24,971,859
19$48,430,249$17,877,380$4,334,507$26,218,362
20$50,851,761$18,773,340$4,551,233$27,527,189
21$53,394,349$19,714,097$4,778,794$28,901,458
22$56,064,067$20,701,892$5,017,734$30,344,440
23$58,867,270$21,739,078$5,268,621$31,859,572
24$61,810,633$22,828,122$5,532,052$33,450,459
25$64,901,165$23,971,619$5,808,654$35,120,892
26$68,146,224$25,172,291$6,099,087$36,874,846
27$71,553,535$26,432,996$6,404,041$38,716,498
28$75,131,211$27,756,736$6,724,243$40,650,232
29$78,887,772$29,146,663$7,060,456$42,680,653
30$82,832,161$30,606,087$7,413,478$44,812,595
Total$1,337,000,003$493,435,634$119,661,499$723,902,865

◄ 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.