USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 2002

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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 $37,000,000 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, Sep 27, 2002
Jackpot:$37,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$556,903$163,685$39,819$353,399
2$584,748$173,431$41,810$369,508
3$613,986$183,664$43,900$386,421
4$644,685$194,491$46,095$404,099
5$676,919$206,417$48,400$422,102
6$710,765$218,940$50,820$441,005
7$746,303$232,090$53,361$460,853
8$783,619$245,896$56,029$481,694
9$822,800$260,393$58,830$503,576
10$863,939$275,615$61,772$526,553
11$907,136$291,598$64,860$550,678
12$952,493$308,380$68,103$576,010
13$1,000,118$326,001$71,508$602,609
14$1,050,124$344,503$75,084$630,537
15$1,102,630$363,930$78,838$659,862
16$1,157,762$384,329$82,780$690,653
17$1,215,650$405,748$86,919$722,983
18$1,276,432$428,237$91,265$756,930
19$1,340,254$451,851$95,828$792,574
20$1,407,266$476,646$100,620$830,001
21$1,477,630$502,680$105,651$869,299
22$1,551,511$530,016$110,933$910,562
23$1,629,087$558,719$116,480$953,888
24$1,710,541$588,857$122,304$999,380
25$1,796,068$620,502$128,419$1,047,147
26$1,885,872$653,730$134,840$1,097,302
27$1,980,165$688,618$141,582$1,149,965
28$2,079,173$725,251$148,661$1,205,261
29$2,183,132$763,716$156,094$1,263,322
30$2,292,289$804,104$163,899$1,324,286
Total$37,000,000$12,372,038$2,645,504$21,982,459

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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.