USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 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 $47,000,000 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:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$50,580$432,138
2$742,788$237,787$53,109$451,892
3$779,928$251,528$55,765$472,635
4$818,924$265,957$58,553$494,414
5$859,870$281,107$61,481$517,283
6$902,864$297,015$64,555$541,294
7$948,007$313,718$67,783$566,507
8$995,407$331,256$71,172$592,980
9$1,045,178$349,671$74,730$620,777
10$1,097,437$369,007$78,467$649,963
11$1,152,308$389,309$82,390$680,609
12$1,209,924$410,627$86,510$712,788
13$1,270,420$433,010$90,835$746,575
14$1,333,941$456,513$95,377$782,051
15$1,400,638$481,191$100,146$819,301
16$1,470,670$507,103$105,153$858,414
17$1,544,204$534,310$110,411$899,483
18$1,621,414$562,878$115,931$942,605
19$1,702,484$592,874$121,728$987,883
20$1,787,609$624,370$127,814$1,035,424
21$1,876,989$657,441$134,205$1,085,343
22$1,970,839$692,165$140,915$1,137,758
23$2,069,380$728,626$147,961$1,192,794
24$2,172,849$766,909$155,359$1,250,581
25$2,281,492$807,107$163,127$1,311,258
26$2,395,567$849,315$171,283$1,374,969
27$2,515,345$893,633$179,847$1,441,865
28$2,641,112$940,166$188,840$1,512,106
29$2,773,168$989,027$198,281$1,585,859
30$2,911,826$1,040,331$208,196$1,663,300
Total$47,000,000$16,278,650$3,360,504$27,360,849

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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.