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Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,082,954$1,572,875$8,900,749
2$17,384,408$6,389,251$1,651,519$9,343,638
3$18,253,628$6,710,862$1,734,095$9,808,671
4$19,166,310$7,048,555$1,820,799$10,296,955
5$20,124,624$7,403,131$1,911,839$10,809,654
6$21,130,856$7,775,437$2,007,431$11,347,988
7$22,187,399$8,166,358$2,107,803$11,913,238
8$23,296,769$8,576,825$2,213,193$12,506,751
9$24,461,608$9,007,815$2,323,853$13,129,940
10$25,684,688$9,460,355$2,440,045$13,784,288
11$26,968,922$9,935,521$2,562,048$14,471,353
12$28,317,368$10,434,446$2,690,150$15,192,772
13$29,733,237$10,958,318$2,824,657$15,950,261
14$31,219,899$11,508,383$2,965,890$16,745,626
15$32,780,893$12,085,951$3,114,185$17,580,758
16$34,419,938$12,692,397$3,269,894$18,457,647
17$36,140,935$13,329,166$3,433,389$19,378,380
18$37,947,982$13,997,773$3,605,058$20,345,150
19$39,845,380$14,699,811$3,785,311$21,360,258
20$41,837,650$15,436,951$3,974,577$22,426,122
21$43,929,532$16,210,947$4,173,306$23,545,279
22$46,126,009$17,023,643$4,381,971$24,720,394
23$48,432,309$17,876,975$4,601,069$25,954,265
24$50,853,924$18,772,972$4,831,123$27,249,829
25$53,396,620$19,713,770$5,072,679$28,610,172
26$56,066,452$20,701,608$5,326,313$30,038,532
27$58,869,775$21,738,837$5,592,629$31,538,309
28$61,813,263$22,827,927$5,872,260$33,113,075
29$64,903,926$23,971,473$6,165,873$34,766,580
30$68,149,123$25,172,196$6,474,167$36,502,760
Total$1,100,000,002$405,710,608$104,500,001$589,789,394

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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.