USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

For a non-Maryland resident

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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 $1,348,000,000 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, Jan 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,465,241$1,815,895$11,008,197
2$21,303,801$7,840,594$1,906,690$11,556,517
3$22,368,991$8,234,714$2,002,025$12,132,252
4$23,487,441$8,648,541$2,102,126$12,736,774
5$24,661,812$9,083,058$2,207,232$13,371,522
6$25,894,903$9,539,302$2,317,594$14,038,008
7$27,189,649$10,018,358$2,433,474$14,737,818
8$28,549,132$10,521,366$2,555,147$15,472,618
9$29,976,588$11,049,525$2,682,905$16,244,158
10$31,475,417$11,604,092$2,817,050$17,054,275
11$33,049,188$12,186,387$2,957,902$17,904,899
12$34,701,648$12,797,797$3,105,797$18,798,053
13$36,436,730$13,439,778$3,261,087$19,735,865
14$38,258,567$14,113,857$3,424,142$20,720,568
15$40,171,495$14,821,641$3,595,349$21,754,505
16$42,180,070$15,564,814$3,775,116$22,840,140
17$44,289,072$16,345,145$3,963,872$23,980,056
18$46,503,526$17,164,493$4,162,066$25,176,968
19$48,828,702$18,024,808$4,370,169$26,433,726
20$51,270,138$18,928,139$4,588,677$27,753,322
21$53,833,644$19,876,636$4,818,111$29,138,897
22$56,525,327$20,872,559$5,059,017$30,593,751
23$59,351,593$21,918,277$5,311,968$32,121,349
24$62,319,172$23,016,282$5,577,566$33,725,325
25$65,435,131$24,169,186$5,856,444$35,409,501
26$68,706,889$25,379,737$6,149,267$37,177,886
27$72,142,233$26,650,814$6,456,730$39,034,689
28$75,749,344$27,985,445$6,779,566$40,984,332
29$79,536,811$29,386,808$7,118,545$43,031,459
30$83,513,652$30,858,239$7,474,472$45,180,941
Total$1,348,000,003$497,505,633$120,646,001$729,848,371

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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.