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Maine Mega Millions Jackpot Annuity Payout Schedule for Feb 10, 2023

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The tax information provided here is based on 2022 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 $50,000,000 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:Fri, Feb 10, 2023
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$241,407$53,809$457,356
2$790,200$255,329$56,499$478,372
3$829,710$269,948$59,324$500,438
4$871,196$285,297$62,291$523,608
5$914,756$301,415$65,405$547,936
6$960,493$318,338$68,675$573,481
7$1,008,518$336,107$72,109$600,302
8$1,058,944$354,764$75,714$628,465
9$1,111,891$374,355$79,500$658,036
10$1,167,486$394,925$83,475$689,086
11$1,225,860$416,523$87,649$721,688
12$1,287,153$439,202$92,031$755,920
13$1,351,511$463,014$96,633$791,864
14$1,419,086$488,017$101,465$829,605
15$1,490,041$514,270$106,538$869,233
16$1,564,543$541,836$111,865$910,842
17$1,642,770$570,780$117,458$954,532
18$1,724,908$601,171$123,331$1,000,406
19$1,811,154$633,082$129,497$1,048,574
20$1,901,711$666,588$135,972$1,099,151
21$1,996,797$701,770$142,771$1,152,256
22$2,096,637$738,711$149,910$1,208,017
23$2,201,469$777,498$157,405$1,266,565
24$2,311,542$818,226$165,275$1,328,041
25$2,427,119$860,989$173,539$1,392,591
26$2,548,475$905,891$182,216$1,460,368
27$2,675,899$953,038$191,327$1,531,535
28$2,809,694$1,002,542$200,893$1,606,259
29$2,950,178$1,054,521$210,938$1,684,720
30$3,097,687$1,109,099$221,485$1,767,103
Total$50,000,000$17,388,653$3,574,999$29,036,350

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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.