USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Oct 30, 2001

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The tax information provided here is based on 2026 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 $11,000,000 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, Oct 30, 2001
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$165,566$32,334$11,838$121,394
2$173,844$34,321$12,430$127,094
3$182,536$36,407$13,051$133,078
4$191,663$38,597$13,704$139,362
5$201,246$40,897$14,389$145,960
6$211,309$44,075$15,109$152,125
7$221,874$47,456$15,864$158,554
8$232,968$51,006$16,657$165,305
9$244,616$54,733$17,490$172,393
10$256,847$58,666$18,365$179,817
11$269,689$63,160$19,283$187,246
12$283,174$67,880$20,247$195,047
13$297,332$72,836$21,259$203,238
14$312,199$78,039$22,322$211,838
15$327,809$83,502$23,438$220,868
16$344,199$89,239$24,610$230,350
17$361,409$95,263$25,841$240,306
18$379,480$101,587$27,133$250,760
19$398,454$108,228$28,489$261,736
20$418,376$115,201$29,914$273,262
21$439,295$122,523$31,410$285,363
22$461,260$130,210$32,980$298,070
23$484,323$138,282$34,629$311,412
24$508,539$146,758$36,361$325,421
25$533,966$155,657$38,179$340,130
26$560,665$165,002$40,088$355,575
27$588,698$174,813$42,092$371,792
28$618,133$185,116$44,196$388,820
29$649,039$196,102$46,406$406,531
30$681,491$208,109$48,727$424,656
Total$11,000,000$2,935,999$786,501$7,277,503

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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.