USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 2024

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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$486,304$2,979,823
2$5,705,247$2,067,961$510,620$3,126,665
3$5,990,509$2,173,508$536,151$3,280,850
4$6,290,034$2,284,333$562,958$3,442,743
5$6,604,536$2,400,698$591,106$3,612,731
6$6,934,763$2,522,882$620,661$3,791,219
7$7,281,501$2,651,176$651,694$3,978,631
8$7,645,576$2,785,883$684,279$4,175,414
9$8,027,855$2,927,327$718,493$4,382,035
10$8,429,247$3,075,842$754,418$4,598,988
11$8,850,710$3,231,783$792,139$4,826,788
12$9,293,245$3,395,521$831,745$5,065,979
13$9,757,908$3,567,446$873,333$5,317,129
14$10,245,803$3,747,967$916,999$5,580,836
15$10,758,093$3,937,515$962,849$5,857,729
16$11,295,998$4,136,539$1,010,992$6,148,467
17$11,860,798$4,345,515$1,061,541$6,453,741
18$12,453,838$4,564,940$1,114,618$6,774,279
19$13,076,529$4,795,336$1,170,349$7,110,844
20$13,730,356$5,037,252$1,228,867$7,464,237
21$14,416,874$5,291,263$1,290,310$7,835,300
22$15,137,717$5,557,976$1,354,826$8,224,916
23$15,894,603$5,838,023$1,422,567$8,634,013
24$16,689,333$6,132,074$1,493,695$9,063,564
25$17,523,800$6,440,826$1,568,380$9,514,594
26$18,399,990$6,765,017$1,646,799$9,988,174
27$19,319,990$7,105,416$1,729,139$10,485,434
28$20,285,989$7,462,836$1,815,596$11,007,557
29$21,300,288$7,838,127$1,906,376$11,555,786
30$22,365,303$8,232,182$2,001,695$12,131,426
Total$361,000,001$132,280,604$32,309,499$196,409,892

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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.