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Maine Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 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 $61,000,000 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, Feb 17, 2012
Jackpot:$61,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$918,138$295,668$84,010$538,460
2$964,044$312,654$88,210$563,181
3$1,012,247$330,489$92,621$589,138
4$1,062,859$349,215$97,252$616,392
5$1,116,002$368,878$102,114$645,010
6$1,171,802$389,524$107,220$675,058
7$1,230,392$411,202$112,581$706,609
8$1,291,912$433,965$118,210$739,737
9$1,356,507$457,865$124,120$774,522
10$1,424,333$482,960$130,326$811,046
11$1,495,549$509,310$136,843$849,396
12$1,570,327$536,978$143,685$889,664
13$1,648,843$566,029$150,869$931,945
14$1,731,285$596,533$158,413$976,340
15$1,817,850$628,562$166,333$1,022,955
16$1,908,742$662,192$174,650$1,071,900
17$2,004,179$697,504$183,382$1,123,293
18$2,104,388$734,581$192,552$1,177,256
19$2,209,607$773,512$202,179$1,233,916
20$2,320,088$814,390$212,288$1,293,410
21$2,436,092$857,311$222,902$1,355,878
22$2,557,897$902,379$234,048$1,421,470
23$2,685,792$949,700$245,750$1,490,342
24$2,820,081$999,387$258,037$1,562,656
25$2,961,085$1,051,559$270,939$1,638,587
26$3,109,140$1,106,339$284,486$1,718,314
27$3,264,597$1,163,858$298,711$1,802,028
28$3,427,826$1,224,253$313,646$1,889,927
29$3,599,218$1,287,668$329,328$1,982,221
30$3,779,179$1,354,253$345,795$2,079,130
Total$61,000,000$21,248,718$5,581,500$34,169,781

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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.