USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 30, 2004

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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 $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, Nov 30, 2004
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$58,336$23,413$174,126
2$268,668$62,803$24,583$181,282
3$282,102$67,505$25,812$188,784
4$296,207$72,442$27,103$196,662
5$311,017$77,625$28,458$204,934
6$326,568$83,068$29,881$213,619
7$342,896$88,783$31,375$222,738
8$360,041$94,784$32,944$232,314
9$378,043$101,084$34,591$242,368
10$396,945$107,700$36,320$252,925
11$416,792$114,647$38,137$264,009
12$437,632$121,940$40,043$275,648
13$459,514$129,599$42,045$287,869
14$482,489$137,641$44,148$300,701
15$506,614$146,084$46,355$314,175
16$531,945$154,950$48,673$328,322
17$558,542$164,259$51,107$343,176
18$586,469$174,033$53,662$358,774
19$615,792$184,297$56,345$375,151
20$646,582$195,193$59,162$392,227
21$678,911$207,154$62,120$409,636
22$712,856$219,714$65,226$427,916
23$748,499$232,902$68,488$447,110
24$785,924$246,749$71,912$467,263
25$825,220$261,289$75,508$488,424
26$866,482$276,555$79,283$510,643
27$909,806$292,585$83,247$533,973
28$955,296$309,417$87,410$558,470
29$1,003,061$327,090$91,780$584,191
30$1,053,214$345,646$96,369$611,198
Total$17,000,000$5,055,874$1,555,500$10,388,628

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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.