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Maine Mega Millions Jackpot Annuity Payout Schedule for Apr 15, 2011

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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 $72,000,000 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, Apr 15, 2011
Jackpot:$72,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,083,703$356,927$99,159$627,617
2$1,137,889$376,976$104,117$656,796
3$1,194,783$398,027$109,323$687,433
4$1,254,522$420,130$114,789$719,603
5$1,317,248$443,339$120,528$753,381
6$1,383,111$467,708$126,555$788,848
7$1,452,266$493,296$132,882$826,088
8$1,524,879$520,163$139,526$865,190
9$1,601,123$548,373$146,503$906,248
10$1,681,180$577,994$153,828$949,358
11$1,765,239$609,096$161,519$994,624
12$1,853,500$641,752$169,595$1,042,153
13$1,946,175$676,042$178,075$1,092,058
14$2,043,484$712,046$186,979$1,144,459
15$2,145,658$749,851$196,328$1,199,480
16$2,252,941$789,546$206,144$1,257,252
17$2,365,588$831,225$216,451$1,317,912
18$2,483,868$874,988$227,274$1,381,606
19$2,608,061$920,940$238,638$1,448,484
20$2,738,464$969,189$250,569$1,518,706
21$2,875,388$1,019,851$263,098$1,592,439
22$3,019,157$1,073,045$276,253$1,669,859
23$3,170,115$1,128,900$290,066$1,751,150
24$3,328,620$1,187,547$304,569$1,836,505
25$3,495,052$1,249,126$319,797$1,926,128
26$3,669,804$1,313,785$335,787$2,020,232
27$3,853,294$1,381,676$352,576$2,119,042
28$4,045,959$1,452,962$370,205$2,222,792
29$4,248,257$1,527,812$388,716$2,331,729
30$4,460,670$1,606,405$408,151$2,446,113
Total$72,000,000$25,318,717$6,588,000$40,093,285

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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.