Sell My Structured Settlement Cash
Call Now Get Free Quote

Maryland Lottery Taxes: What You Actually Keep

9.5% state withholding plus 24% federal is only the start. Run your prize through the Maryland numbers.

Maryland Lottery Tax Calculator

$

Quick Answer

Quick Answer: How Maryland Taxes Lottery Winnings

The Maryland Lottery withholds 9.5% state tax on prizes over $5,000 plus 24% federal. Maryland's 6.5% rate means the state withholding generally matches what you owe. Federally, large prizes are taxed at up to 37% even though only 24% is withheld up front.

Maryland Lottery Tax Facts

State withholding on large prizes 9.5% (prizes over $5,000)
Top state rate you may actually owe 6.5% (graduated)
Local taxes County/Baltimore City local income tax of 2.25%-3.3% applies on top of state tax; nonresident lottery withholding is 8.75%
Federal withholding 24% on prizes over $5,000
Top federal bracket 37%
Claim deadline 182 days from the drawing date
Winner anonymity Anonymous permitted - winners have the right to remain anonymous; name released only with written consent

2025 BRFA added 6.25%/6.5% brackets and raised lottery withholding from 8.95% to 9.5% resident

Withholding Is Not the Bill

On any prize over $5,000 the lottery sends 24% straight to the IRS before you see a dollar. A large prize, however, lands mostly in the 37% federal bracket, so the true federal bill runs well past what was withheld. In Maryland the 6.5% graduated rate means state withholding and state liability generally line up. Winners who spend to the post-withholding number get an ugly surprise in April. Set the difference aside the week you claim.

Local Taxes in Maryland

County/Baltimore City local income tax of 2.25%-3.3% applies on top of state tax; nonresident lottery withholding is 8.75%. Local layers rarely get withheld by the lottery, which makes them the most commonly missed line on a winner's first return.

Claiming Rules That Matter in Maryland

The claim window is 182 days from the drawing date. Anonymity: anonymous permitted - winners have the right to remain anonymous; name released only with written consent.

Already Collecting Annual Lottery Payments?

If you took the annuity and your plans have changed, you can sell some or all of your remaining installments for a lump sum through a court-approved assignment. The lump sum keeps the same tax character as the payments it replaces, and quotes through this site disclose the exact discount rate in writing. Transactions are funded and completed by our funding partner, Genex Capital, after court approval. Start with the Maryland lottery payments page or request a free quote.

Get Your Free Lump Sum Offer Today

Free written quote with the discount rate disclosed. No obligation.

Free Quote No Broker Fees Court-Approved Process

By clicking 'Get My Lump Sum Offer,' you consent to receive calls and text messages from Sell My Structured Settlement Cash and its partners at the number provided, including via automated technology and prerecorded messages. Consent is not a condition of purchase or receiving a quote. Msg & data rates may apply. Msg frequency varies. Reply STOP to opt out. Reply HELP for help.

Live agent 24/7 · Avg answer under 30s
Text us Reply in 5 min Call (877) 622-7503