USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 1999

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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 $18,000,000 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, Jan 5, 1999
Jackpot:$18,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$270,926$65,199$19,371$186,356
2$284,472$69,940$20,340$194,192
3$298,696$74,918$21,357$202,421
4$313,631$80,145$22,425$211,061
5$329,312$85,634$23,546$220,132
6$345,778$91,397$24,723$229,658
7$363,067$97,448$25,959$239,659
8$381,220$103,802$27,257$250,161
9$400,281$110,473$28,620$261,188
10$420,295$117,478$30,051$272,766
11$441,310$124,833$31,554$284,923
12$463,375$132,556$33,131$297,688
13$486,544$140,665$34,788$311,091
14$510,871$149,180$36,527$325,164
15$536,415$158,120$38,354$339,941
16$563,235$167,507$40,271$355,457
17$591,397$177,364$42,285$371,748
18$620,967$187,946$44,399$388,622
19$652,015$199,433$46,619$405,963
20$684,616$211,496$48,950$424,170
21$718,847$224,161$51,398$443,288
22$754,789$237,460$53,967$463,362
23$792,529$251,423$56,666$484,440
24$832,155$266,085$59,499$506,571
25$873,763$281,480$62,474$529,809
26$917,451$297,645$65,598$554,209
27$963,324$314,617$68,878$579,828
28$1,011,490$332,439$72,322$606,729
29$1,062,064$351,152$75,938$634,975
30$1,115,167$370,800$79,734$664,633
Total$18,000,000$5,472,796$1,287,001$11,240,205

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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.