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Maryland Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$437,809$2,681,018
2$5,136,302$1,863,387$459,699$2,813,216
3$5,393,117$1,958,408$482,684$2,952,025
4$5,662,773$2,058,181$506,818$3,097,774
5$5,945,912$2,162,942$532,159$3,250,810
6$6,243,207$2,272,942$558,767$3,411,499
7$6,555,368$2,388,441$586,705$3,580,221
8$6,883,136$2,509,715$616,041$3,757,380
9$7,227,293$2,637,053$646,843$3,943,397
10$7,588,658$2,770,758$679,185$4,138,714
11$7,968,091$2,911,149$713,144$4,343,798
12$8,366,495$3,058,558$748,801$4,559,136
13$8,784,820$3,213,338$786,241$4,785,240
14$9,224,061$3,375,858$825,553$5,022,650
15$9,685,264$3,546,503$866,831$5,271,930
16$10,169,527$3,725,680$910,173$5,533,674
17$10,678,003$3,913,816$955,681$5,808,506
18$11,211,904$4,111,359$1,003,465$6,097,079
19$11,772,499$4,318,780$1,053,639$6,400,081
20$12,361,124$4,536,571$1,106,321$6,718,232
21$12,979,180$4,765,252$1,161,637$7,052,292
22$13,628,139$5,005,366$1,219,718$7,403,054
23$14,309,546$5,257,487$1,280,704$7,771,355
24$15,025,023$5,522,214$1,344,740$8,158,070
25$15,776,274$5,800,176$1,411,977$8,564,121
26$16,565,088$6,092,038$1,482,575$8,990,475
27$17,393,343$6,398,492$1,556,704$9,438,147
28$18,263,009$6,720,268$1,634,539$9,908,202
29$19,176,160$7,058,134$1,716,266$10,401,759
30$20,134,968$7,412,893$1,802,080$10,919,995
Total$325,000,001$119,138,649$29,087,499$176,773,850

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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.