USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,005,166$253,255$1,571,249
2$2,971,153$1,057,514$265,918$1,647,721
3$3,119,711$1,112,481$279,214$1,728,016
4$3,275,697$1,170,195$293,175$1,812,326
5$3,439,481$1,230,796$307,834$1,900,852
6$3,611,455$1,294,426$323,225$1,993,804
7$3,792,028$1,361,238$339,387$2,091,404
8$3,981,630$1,431,391$356,356$2,193,883
9$4,180,711$1,505,051$374,174$2,301,487
10$4,389,747$1,582,394$392,882$2,414,470
11$4,609,234$1,663,604$412,526$2,533,103
12$4,839,696$1,748,875$433,153$2,657,668
13$5,081,680$1,838,410$454,810$2,788,461
14$5,335,764$1,932,421$477,551$2,925,793
15$5,602,553$2,031,132$501,428$3,069,992
16$5,882,680$2,134,779$526,500$3,221,401
17$6,176,814$2,243,609$552,825$3,380,380
18$6,485,655$2,357,880$580,466$3,547,309
19$6,809,938$2,477,865$609,489$3,722,584
20$7,150,435$2,603,849$639,964$3,906,622
21$7,507,956$2,736,132$671,962$4,099,863
22$7,883,354$2,875,029$705,560$4,302,765
23$8,277,522$3,020,871$740,838$4,515,813
24$8,691,398$3,174,005$777,880$4,739,513
25$9,125,968$3,334,796$816,774$4,974,398
26$9,582,266$3,503,626$857,613$5,221,027
27$10,061,380$3,680,898$900,493$5,479,988
28$10,564,449$3,867,034$945,518$5,751,897
29$11,092,671$4,062,476$992,794$6,037,401
30$11,647,305$4,267,690$1,042,434$6,337,180
Total$188,000,000$68,305,633$16,825,998$102,868,370

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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.