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Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 14, 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 $29,000,000 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, Jun 14, 2013
Jackpot:$29,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$436,492$121,541$31,209$283,741
2$458,316$129,180$32,770$296,367
3$481,232$137,200$34,408$309,623
4$505,294$145,622$36,128$323,543
5$530,558$154,465$37,935$338,159
6$557,086$163,749$39,832$353,505
7$584,941$173,498$41,823$369,619
8$614,188$183,735$43,914$386,538
9$644,897$194,569$46,110$404,218
10$677,142$206,500$48,416$422,226
11$710,999$219,027$50,836$441,136
12$746,549$232,180$53,378$460,990
13$783,876$245,991$56,047$481,838
14$823,070$260,493$58,850$503,727
15$864,224$275,720$61,792$526,712
16$907,435$291,708$64,882$550,845
17$952,806$308,496$68,126$576,185
18$1,000,447$326,123$71,532$602,792
19$1,050,469$344,631$75,109$630,730
20$1,102,993$364,065$78,864$660,064
21$1,158,142$384,470$82,807$690,865
22$1,216,049$405,895$86,948$723,206
23$1,276,852$428,392$91,295$757,164
24$1,340,694$452,014$95,860$792,821
25$1,407,729$476,817$100,653$830,259
26$1,478,116$502,860$105,685$869,570
27$1,552,021$530,205$110,970$910,847
28$1,629,622$558,918$116,518$954,187
29$1,711,104$589,066$122,344$999,694
30$1,796,659$620,721$128,461$1,047,477
Total$29,000,000$9,427,851$2,073,502$17,498,648

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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.