USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 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 $13,000,000 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:Fri, Jun 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$13,990$141,378
2$205,452$43,431$14,690$147,331
3$215,725$46,718$15,424$153,582
4$226,511$50,170$16,196$160,145
5$237,836$53,794$17,005$167,037
6$249,728$57,780$17,856$174,093
7$262,215$62,150$18,748$181,316
8$275,325$66,739$19,686$188,901
9$289,092$71,557$20,670$196,865
10$303,546$76,616$21,704$205,227
11$318,724$81,928$22,789$214,007
12$334,660$87,506$23,928$223,226
13$351,393$93,362$25,125$232,906
14$368,962$99,512$26,381$243,070
15$387,411$105,968$27,700$253,742
16$406,781$112,748$29,085$264,948
17$427,120$119,867$30,539$276,714
18$448,476$127,341$32,066$289,069
19$470,900$135,190$33,669$302,041
20$494,445$143,430$35,353$315,662
21$519,167$152,083$37,120$329,963
22$545,126$161,169$38,976$344,980
23$572,382$170,708$40,925$360,748
24$601,001$180,725$42,972$377,304
25$631,051$191,677$45,120$394,254
26$662,604$203,351$47,376$411,876
27$695,734$215,609$49,745$430,380
28$730,520$228,480$52,232$449,808
29$767,046$241,995$54,844$470,208
30$805,399$256,185$57,586$491,627
Total$13,000,000$3,678,089$929,500$8,392,408

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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.