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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: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$401,480$110,177$692,459
2$1,264,321$423,756$115,685$724,879
3$1,327,537$447,146$121,470$758,921
4$1,393,913$471,705$127,543$794,665
5$1,463,609$497,493$133,920$832,196
6$1,536,790$524,569$140,616$871,604
7$1,613,629$553,000$147,647$912,982
8$1,694,310$582,852$155,029$956,429
9$1,779,026$614,197$162,781$1,002,048
10$1,867,977$647,109$170,920$1,049,949
11$1,961,376$681,666$179,466$1,100,244
12$2,059,445$717,952$188,439$1,153,054
13$2,162,417$756,052$197,861$1,208,504
14$2,270,538$796,056$207,754$1,266,728
15$2,384,065$838,061$218,142$1,327,862
16$2,503,268$882,166$229,049$1,392,053
17$2,628,432$928,477$240,501$1,459,453
18$2,759,853$977,103$252,527$1,530,224
19$2,897,846$1,028,160$265,153$1,604,533
20$3,042,738$1,081,770$278,411$1,682,557
21$3,194,875$1,138,061$292,331$1,764,483
22$3,354,619$1,197,166$306,948$1,850,505
23$3,522,350$1,259,227$322,295$1,940,828
24$3,698,467$1,324,390$338,410$2,035,667
25$3,883,391$1,392,812$355,330$2,135,249
26$4,077,560$1,464,655$373,097$2,239,809
27$4,281,438$1,540,089$391,752$2,349,597
28$4,495,510$1,619,296$411,339$2,464,875
29$4,720,286$1,702,463$431,906$2,585,917
30$4,956,300$1,789,788$453,501$2,713,010
Total$80,000,000$28,278,717$7,320,000$44,401,284

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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.