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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

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The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

Maine

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$59,190$499,387
2$869,220$284,567$62,149$522,505
3$912,681$300,647$65,257$546,778
4$958,315$317,532$68,520$572,264
5$1,006,231$335,261$71,946$599,025
6$1,056,543$353,876$75,543$627,124
7$1,109,370$373,422$79,320$656,628
8$1,164,838$393,945$83,286$687,607
9$1,223,080$415,495$87,450$720,135
10$1,284,234$438,122$91,823$754,290
11$1,348,446$461,880$96,414$790,152
12$1,415,868$486,826$101,235$827,808
13$1,486,662$513,020$106,296$867,346
14$1,560,995$540,523$111,611$908,861
15$1,639,045$569,402$117,192$952,451
16$1,720,997$599,724$123,051$998,222
17$1,807,047$631,562$129,204$1,046,281
18$1,897,399$664,993$135,664$1,096,742
19$1,992,269$700,095$142,447$1,149,727
20$2,091,882$736,952$149,570$1,205,361
21$2,196,477$775,651$157,048$1,263,777
22$2,306,300$816,286$164,900$1,325,114
23$2,421,615$858,953$173,146$1,389,517
24$2,542,696$903,753$181,803$1,457,141
25$2,669,831$950,792$190,893$1,528,146
26$2,803,323$1,000,184$200,438$1,602,701
27$2,943,489$1,052,046$210,459$1,680,983
28$3,090,663$1,106,500$220,982$1,763,180
29$3,245,196$1,163,678$232,032$1,849,487
30$3,407,456$1,223,714$243,633$1,940,109
Total$55,000,000$19,238,653$3,932,502$31,828,849

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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.