USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Mar 10, 1998

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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 $17,000,000 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 money, as well as deductions claimed.

State:

Maine

Drawing Date:Tue, Mar 10, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$18,295$177,649
2$268,668$64,409$19,210$185,050
3$282,102$69,110$20,170$192,821
4$296,207$74,047$21,179$200,981
5$311,017$79,231$22,238$209,549
6$326,568$84,673$23,350$218,545
7$342,896$90,388$24,517$227,991
8$360,041$96,389$25,743$237,909
9$378,043$102,690$27,030$248,323
10$396,945$109,306$28,382$259,258
11$416,792$116,252$29,801$270,740
12$437,632$123,546$31,291$282,795
13$459,514$131,205$32,855$295,454
14$482,489$139,246$34,498$308,745
15$506,614$147,690$36,223$322,701
16$531,945$156,555$38,034$337,355
17$558,542$165,864$39,936$352,742
18$586,469$175,639$41,933$368,897
19$615,792$186,031$44,029$385,732
20$646,582$197,423$46,231$402,928
21$678,911$209,385$48,542$420,984
22$712,856$221,945$50,969$439,943
23$748,499$235,132$53,518$459,849
24$785,924$248,980$56,194$480,751
25$825,220$263,519$59,003$502,698
26$866,482$278,786$61,953$525,742
27$909,806$294,816$65,051$549,939
28$955,296$311,647$68,304$575,345
29$1,003,061$329,320$71,719$602,022
30$1,053,214$347,877$75,305$630,032
Total$17,000,000$5,111,032$1,215,503$10,673,470

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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.