USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 13, 2012

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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 $19,000,000 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 13, 2012
Jackpot:$19,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,977$68,861$26,167$190,949
2$300,276$73,866$27,475$198,935
3$315,290$79,121$28,849$207,320
4$331,054$84,638$30,291$216,125
5$347,607$90,432$31,806$225,369
6$364,988$96,515$33,396$235,076
7$383,237$102,902$35,066$245,269
8$402,399$109,609$36,819$255,970
9$422,519$116,651$38,660$267,207
10$443,645$124,045$40,593$279,006
11$465,827$131,809$42,623$291,395
12$489,118$139,961$44,754$304,403
13$513,574$148,520$46,992$318,062
14$539,253$157,508$49,342$332,403
15$566,215$166,945$51,809$347,462
16$594,526$176,853$54,399$363,274
17$624,253$187,258$57,119$379,876
18$655,465$198,479$59,975$397,011
19$688,238$210,605$62,974$414,659
20$722,650$223,338$66,123$433,190
21$758,783$236,707$69,429$452,647
22$796,722$250,744$72,900$473,078
23$836,558$265,484$76,545$494,529
24$878,386$280,960$80,372$517,054
25$922,305$297,210$84,391$540,704
26$968,421$314,273$88,610$565,537
27$1,016,842$332,189$93,041$591,612
28$1,067,684$351,000$97,693$618,990
29$1,121,068$370,752$102,578$647,738
30$1,177,121$391,492$107,707$677,923
Total$19,000,000$5,778,727$1,738,498$11,482,773

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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.