USA Mega

Maryland Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2024

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 $306,000,000 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, Jul 26, 2024
Jackpot:$306,000,000
Federal Tax:37% marginal rate
State Tax: 8.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,605,739$1,662,311$412,214$2,531,214
2$4,836,026$1,747,517$432,824$2,655,684
3$5,077,827$1,836,984$454,466$2,786,378
4$5,331,719$1,930,924$477,189$2,923,606
5$5,598,305$2,029,560$501,048$3,067,696
6$5,878,220$2,133,129$526,101$3,218,990
7$6,172,131$2,241,876$552,406$3,377,849
8$6,480,738$2,356,061$580,026$3,544,651
9$6,804,774$2,475,954$609,027$3,719,793
10$7,145,013$2,601,843$639,479$3,903,692
11$7,502,264$2,734,025$671,453$4,096,786
12$7,877,377$2,872,817$705,025$4,299,535
13$8,271,246$3,018,549$740,276$4,512,421
14$8,684,808$3,171,567$777,290$4,735,951
15$9,119,048$3,332,236$816,155$4,970,658
16$9,575,001$3,500,938$856,963$5,217,100
17$10,053,751$3,678,076$899,811$5,475,865
18$10,556,438$3,864,070$944,801$5,747,567
19$11,084,260$4,059,364$992,041$6,032,855
20$11,638,473$4,264,423$1,041,643$6,332,407
21$12,220,397$4,479,735$1,093,726$6,646,937
22$12,831,417$4,705,812$1,148,412$6,977,193
23$13,472,988$4,943,193$1,205,832$7,323,962
24$14,146,637$5,192,443$1,266,124$7,688,070
25$14,853,969$5,454,156$1,329,430$8,070,382
26$15,596,668$5,728,955$1,395,902$8,471,811
27$16,376,501$6,017,493$1,465,697$8,893,311
28$17,195,326$6,320,458$1,538,982$9,335,886
29$18,055,092$6,638,572$1,615,931$9,800,590
30$18,957,847$6,972,591$1,696,727$10,288,528
Total$306,000,001$111,965,632$27,387,001$166,647,368

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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.