USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 4, 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 $12,000,000 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, Jun 4, 2013
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$35,946$12,914$131,757
2$189,648$38,114$13,560$137,975
3$199,130$40,389$14,238$144,503
4$209,087$43,364$14,950$150,773
5$219,541$46,709$15,697$157,135
6$230,518$50,222$16,482$163,814
7$242,044$53,910$17,306$170,828
8$254,147$57,783$18,171$178,192
9$266,854$62,168$19,080$185,606
10$280,197$66,838$20,034$193,324
11$294,206$71,741$21,036$201,429
12$308,917$76,890$22,088$209,939
13$324,363$82,296$23,192$218,875
14$340,581$87,972$24,352$228,257
15$357,610$93,933$25,569$238,108
16$375,490$100,191$26,848$248,452
17$394,265$106,762$28,190$259,313
18$413,978$113,662$29,599$270,717
19$434,677$120,906$31,079$282,691
20$456,411$128,513$32,633$295,264
21$479,231$136,500$34,265$308,466
22$503,193$144,887$35,978$322,328
23$528,352$153,693$37,777$336,883
24$554,770$162,939$39,666$352,165
25$582,509$172,647$41,649$368,212
26$611,634$182,841$43,732$385,061
27$642,216$193,577$45,918$402,720
28$674,327$205,458$48,214$420,654
29$708,043$217,933$50,625$439,485
30$743,445$231,032$53,156$459,257
Total$12,000,000$3,279,816$857,998$7,862,183

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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.