USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 2, 2007

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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 $84,000,000 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 2, 2007
Jackpot:$84,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,264,321$423,756$90,399$750,166
2$1,327,537$447,146$94,919$785,472
3$1,393,913$471,705$99,665$822,543
4$1,463,609$497,493$104,648$861,468
5$1,536,789$524,569$109,880$902,340
6$1,613,629$553,000$115,374$945,255
7$1,694,310$582,852$121,143$990,315
8$1,779,026$614,197$127,200$1,037,629
9$1,867,977$647,109$133,560$1,087,308
10$1,961,376$681,666$140,238$1,139,471
11$2,059,445$717,952$147,250$1,194,243
12$2,162,417$756,052$154,613$1,251,753
13$2,270,538$796,056$162,343$1,312,138
14$2,384,065$838,061$170,461$1,375,543
15$2,503,268$882,166$178,984$1,442,118
16$2,628,432$928,477$187,933$1,512,022
17$2,759,853$977,103$197,330$1,585,421
18$2,897,846$1,028,160$207,196$1,662,490
19$3,042,738$1,081,770$217,556$1,743,412
20$3,194,875$1,138,061$228,434$1,828,380
21$3,354,619$1,197,166$239,855$1,917,597
22$3,522,350$1,259,227$251,848$2,011,275
23$3,698,467$1,324,390$264,440$2,109,637
24$3,883,391$1,392,812$277,662$2,212,916
25$4,077,560$1,464,654$291,546$2,321,360
26$4,281,438$1,540,089$306,123$2,435,226
27$4,495,510$1,619,296$321,429$2,554,785
28$4,720,286$1,702,463$337,500$2,680,322
29$4,956,300$1,789,788$354,375$2,812,136
30$5,204,115$1,881,480$372,094$2,950,541
Total$84,000,000$29,758,716$6,005,998$48,235,282

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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.