USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2022

For a non-Maryland resident

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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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,934,026$478,222$2,931,011
2$5,610,422$2,032,877$502,133$3,075,413
3$5,890,943$2,136,669$527,239$3,227,035
4$6,185,491$2,245,652$553,601$3,386,238
5$6,494,765$2,360,083$581,281$3,553,400
6$6,819,503$2,480,237$610,346$3,728,921
7$7,160,479$2,606,397$640,863$3,913,219
8$7,518,503$2,738,866$672,906$4,106,730
9$7,894,428$2,877,959$706,551$4,309,918
10$8,289,149$3,024,005$741,879$4,523,265
11$8,703,607$3,177,355$778,973$4,747,279
12$9,138,787$3,338,371$817,921$4,982,494
13$9,595,726$3,507,439$858,818$5,229,470
14$10,075,513$3,684,960$901,758$5,488,794
15$10,579,288$3,871,357$946,846$5,761,085
16$11,108,253$4,067,074$994,189$6,046,990
17$11,663,665$4,272,576$1,043,898$6,347,191
18$12,246,849$4,488,354$1,096,093$6,662,401
19$12,859,191$4,714,921$1,150,898$6,993,372
20$13,502,151$4,952,816$1,208,442$7,340,892
21$14,177,258$5,202,606$1,268,865$7,705,788
22$14,886,121$5,464,885$1,332,308$8,088,928
23$15,630,427$5,740,278$1,398,923$8,491,226
24$16,411,948$6,029,441$1,468,869$8,913,638
25$17,232,546$6,333,062$1,542,313$9,357,171
26$18,094,173$6,651,864$1,619,429$9,822,880
27$18,998,882$6,986,607$1,700,400$10,311,875
28$19,948,826$7,338,086$1,785,420$10,825,320
29$20,946,267$7,707,139$1,874,691$11,364,437
30$21,993,581$8,094,645$1,968,425$11,930,510
Total$355,000,001$130,060,607$31,772,500$193,166,891

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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.