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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 22, 2013

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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 $80,000,000 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, Jan 22, 2013
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$401,480$86,094$716,541
2$1,264,321$423,756$90,399$750,166
3$1,327,537$447,146$94,919$785,472
4$1,393,913$471,705$99,665$822,543
5$1,463,609$497,493$104,648$861,468
6$1,536,790$524,569$109,880$902,340
7$1,613,629$553,000$115,374$945,255
8$1,694,310$582,852$121,143$990,315
9$1,779,026$614,197$127,200$1,037,629
10$1,867,977$647,109$133,560$1,087,308
11$1,961,376$681,666$140,238$1,139,471
12$2,059,445$717,952$147,250$1,194,243
13$2,162,417$756,052$154,613$1,251,753
14$2,270,538$796,056$162,343$1,312,138
15$2,384,065$838,061$170,461$1,375,543
16$2,503,268$882,166$178,984$1,442,118
17$2,628,432$928,477$187,933$1,512,022
18$2,759,853$977,103$197,330$1,585,421
19$2,897,846$1,028,160$207,196$1,662,490
20$3,042,738$1,081,770$217,556$1,743,412
21$3,194,875$1,138,061$228,434$1,828,380
22$3,354,619$1,197,166$239,855$1,917,597
23$3,522,350$1,259,227$251,848$2,011,275
24$3,698,467$1,324,390$264,440$2,109,637
25$3,883,391$1,392,812$277,662$2,212,916
26$4,077,560$1,464,655$291,546$2,321,360
27$4,281,438$1,540,089$306,123$2,435,226
28$4,495,510$1,619,296$321,429$2,554,785
29$4,720,286$1,702,463$337,500$2,680,322
30$4,956,300$1,789,788$354,375$2,812,136
Total$80,000,000$28,278,717$5,719,998$46,001,282

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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.