USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 3, 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 $15,000,000 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, Jun 3, 2011
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$48,703$16,143$160,926
2$237,060$52,315$16,950$167,795
3$248,913$56,108$17,797$175,008
4$261,359$60,245$18,687$182,427
5$274,427$64,819$19,622$189,987
6$288,148$69,621$20,603$197,924
7$302,555$74,664$21,633$206,259
8$317,683$79,958$22,714$215,010
9$333,567$85,518$23,850$224,199
10$350,246$91,355$25,043$233,848
11$367,758$97,485$26,295$243,979
12$386,146$103,920$27,609$254,616
13$405,453$110,678$28,990$265,785
14$425,726$117,773$30,439$277,513
15$447,012$125,224$31,961$289,827
16$469,363$133,046$33,559$302,757
17$492,831$141,260$35,237$316,333
18$517,472$149,885$36,999$330,589
19$543,346$158,940$38,849$345,556
20$570,513$168,449$40,792$361,273
21$599,039$178,433$42,831$377,775
22$628,991$188,916$44,973$395,102
23$660,441$200,320$47,222$412,899
24$693,463$212,538$49,583$431,342
25$728,136$225,367$52,062$450,707
26$764,543$238,838$54,665$471,040
27$802,770$252,982$57,398$492,390
28$842,908$267,833$60,268$514,807
29$885,054$283,427$63,281$538,345
30$929,306$299,801$66,445$563,060
Total$15,000,000$4,338,421$1,072,500$9,589,078

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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.