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Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 8, 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 $115,000,000 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, Nov 8, 2013
Jackpot:$115,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,730,915$596,396$158,379$976,140
2$1,817,461$628,418$166,298$1,022,745
3$1,908,334$662,041$174,613$1,071,681
4$2,003,751$697,345$183,343$1,123,062
5$2,103,938$734,414$192,510$1,177,013
6$2,209,135$773,337$202,136$1,233,662
7$2,319,592$814,206$212,243$1,293,143
8$2,435,571$857,119$222,855$1,355,598
9$2,557,350$902,177$233,998$1,421,176
10$2,685,217$949,488$245,697$1,490,032
11$2,819,478$999,164$257,982$1,562,332
12$2,960,452$1,051,325$270,881$1,638,246
13$3,108,475$1,106,093$284,425$1,717,956
14$3,263,898$1,163,600$298,647$1,801,652
15$3,427,093$1,223,982$313,579$1,889,533
16$3,598,448$1,287,383$329,258$1,981,807
17$3,778,370$1,353,954$345,721$2,078,695
18$3,967,289$1,423,854$363,007$2,180,428
19$4,165,653$1,497,249$381,157$2,287,247
20$4,373,936$1,574,314$400,215$2,399,407
21$4,592,633$1,655,231$420,226$2,517,176
22$4,822,265$1,740,195$441,237$2,640,832
23$5,063,378$1,829,407$463,299$2,770,672
24$5,316,547$1,923,079$486,464$2,907,003
25$5,582,374$2,021,436$510,787$3,050,151
26$5,861,493$2,124,710$536,327$3,200,457
27$6,154,567$2,233,147$563,143$3,358,277
28$6,462,296$2,347,007$591,300$3,523,989
29$6,785,410$2,466,559$620,865$3,697,986
30$7,124,681$2,592,089$651,908$3,880,683
Total$115,000,000$41,228,719$10,522,500$63,248,781

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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.