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Maine Mega Millions Jackpot Annuity Payout Schedule for Feb 14, 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 $51,000,000 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, Feb 14, 2012
Jackpot:$51,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$767,623$239,978$70,238$457,408
2$806,004$254,179$73,749$478,076
3$846,305$269,090$77,437$499,778
4$888,620$284,747$81,309$522,565
5$933,051$301,186$85,374$546,491
6$979,703$318,447$89,643$571,613
7$1,028,689$336,572$94,125$597,992
8$1,080,123$355,603$98,831$625,689
9$1,134,129$375,585$103,773$654,771
10$1,190,836$396,566$108,961$685,308
11$1,250,377$418,597$114,410$717,371
12$1,312,896$441,729$120,130$751,037
13$1,378,541$466,017$126,136$786,387
14$1,447,468$491,520$132,443$823,504
15$1,519,841$518,299$139,065$862,477
16$1,595,834$546,416$146,019$903,399
17$1,675,625$575,939$153,320$946,367
18$1,759,406$606,938$160,986$991,483
19$1,847,377$639,487$169,035$1,038,855
20$1,939,746$673,663$177,487$1,088,596
21$2,036,733$709,548$186,361$1,140,823
22$2,138,569$747,228$195,679$1,195,662
23$2,245,498$786,791$205,463$1,253,243
24$2,357,773$828,333$215,736$1,313,703
25$2,475,661$871,952$226,523$1,377,186
26$2,599,445$917,752$237,849$1,443,844
27$2,729,417$965,841$249,742$1,513,834
28$2,865,888$1,016,336$262,229$1,587,323
29$3,009,182$1,069,355$275,340$1,664,487
30$3,159,641$1,125,024$289,107$1,745,510
Total$51,000,000$17,548,718$4,666,500$28,784,782

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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.