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Maryland Mega Millions Jackpot Annuity Payout Schedule for Aug 1, 2025

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The tax information provided here is based on 2026 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 $140,000,000 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, Aug 1, 2025
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 9.5%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$735,622$200,184$1,171,395
2$2,212,561$774,605$210,193$1,227,763
3$2,323,189$815,537$220,703$1,286,949
4$2,439,349$858,516$231,738$1,349,094
5$2,561,316$903,644$243,325$1,414,347
6$2,689,382$951,028$255,491$1,482,862
7$2,823,851$1,000,782$268,266$1,554,803
8$2,965,043$1,053,023$281,679$1,630,341
9$3,113,296$1,107,877$295,763$1,709,656
10$3,268,960$1,165,473$310,551$1,792,936
11$3,432,408$1,225,948$326,079$1,880,381
12$3,604,029$1,289,448$342,383$1,972,198
13$3,784,230$1,356,122$359,502$2,068,606
14$3,973,442$1,426,131$377,477$2,169,834
15$4,172,114$1,499,639$396,351$2,276,124
16$4,380,719$1,576,823$416,168$2,387,728
17$4,599,755$1,657,867$436,977$2,504,912
18$4,829,743$1,742,962$458,826$2,627,955
19$5,071,230$1,832,312$481,767$2,757,151
20$5,324,792$1,926,130$505,855$2,892,806
21$5,591,031$2,024,639$531,148$3,035,245
22$5,870,583$2,128,073$557,705$3,184,805
23$6,164,112$2,236,679$585,591$3,341,843
24$6,472,318$2,350,715$614,870$3,506,733
25$6,795,933$2,470,453$645,614$3,679,867
26$7,135,730$2,596,177$677,894$3,861,658
27$7,492,517$2,728,188$711,789$4,052,539
28$7,867,143$2,866,800$747,379$4,252,964
29$8,260,500$3,012,342$784,747$4,463,410
30$8,673,525$3,165,161$823,985$4,684,378
Total$140,000,000$50,478,716$13,300,000$76,221,283

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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.