USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 $850,000,000 for a ticket purchased in Maine, 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 prize money, as well as deductions claimed.

State:

Maine

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$914,751$7,181,220
2$13,433,406$4,934,432$960,489$7,538,485
3$14,105,076$5,182,950$1,008,513$7,913,613
4$14,810,330$5,443,894$1,058,939$8,307,497
5$15,550,846$5,717,885$1,111,885$8,721,075
6$16,328,389$6,005,576$1,167,480$9,155,333
7$17,144,809$6,307,651$1,225,854$9,611,303
8$18,002,049$6,624,830$1,287,146$10,090,072
9$18,902,151$6,957,868$1,351,504$10,592,779
10$19,847,259$7,307,558$1,419,079$11,120,622
11$20,839,622$7,674,732$1,490,033$11,674,856
12$21,881,603$8,060,265$1,564,535$12,256,803
13$22,975,683$8,465,075$1,642,761$12,867,847
14$24,124,467$8,890,125$1,724,899$13,509,443
15$25,330,690$9,336,428$1,811,144$14,183,118
16$26,597,225$9,805,046$1,901,702$14,890,478
17$27,927,086$10,297,094$1,996,787$15,633,205
18$29,323,440$10,813,745$2,096,626$16,413,069
19$30,789,612$11,356,229$2,201,457$17,231,926
20$32,329,093$11,925,837$2,311,530$18,091,726
21$33,945,547$12,523,925$2,427,107$18,994,516
22$35,642,825$13,151,917$2,548,462$19,942,445
23$37,424,966$13,811,310$2,675,885$20,937,771
24$39,296,214$14,503,671$2,809,679$21,982,863
25$41,261,025$15,230,651$2,950,163$23,080,210
26$43,324,077$15,993,981$3,097,671$24,232,425
27$45,490,280$16,795,476$3,252,555$25,442,249
28$47,764,794$17,637,046$3,415,183$26,712,565
29$50,153,034$18,520,695$3,585,942$28,046,397
30$52,660,686$19,448,526$3,765,239$29,446,921
Total$850,000,002$313,422,167$60,775,000$475,802,832

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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.