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Maine Mega Millions Jackpot Annuity Payout Schedule for Sep 6, 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 $95,000,000 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, Sep 6, 2013
Jackpot:$95,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,429,886$485,015$102,237$842,634
2$1,501,381$511,468$107,349$882,564
3$1,576,450$539,244$112,716$924,490
4$1,655,272$568,408$118,352$968,512
5$1,738,036$599,030$124,270$1,014,736
6$1,824,938$631,184$130,483$1,063,270
7$1,916,184$664,946$137,007$1,114,232
8$2,011,994$700,395$143,858$1,167,741
9$2,112,593$737,617$151,050$1,223,926
10$2,218,223$776,700$158,603$1,282,920
11$2,329,134$817,737$166,533$1,344,864
12$2,445,591$860,826$174,860$1,409,905
13$2,567,870$906,069$183,603$1,478,198
14$2,696,264$953,575$192,783$1,549,906
15$2,831,077$1,003,456$202,422$1,625,199
16$2,972,631$1,055,831$212,543$1,704,257
17$3,121,263$1,110,824$223,170$1,787,268
18$3,277,326$1,168,568$234,329$1,874,429
19$3,441,192$1,229,198$246,045$1,965,948
20$3,613,252$1,292,860$258,347$2,062,044
21$3,793,914$1,359,705$271,265$2,162,944
22$3,983,610$1,429,893$284,828$2,268,889
23$4,182,790$1,503,590$299,070$2,380,131
24$4,391,930$1,580,971$314,023$2,496,936
25$4,611,526$1,662,222$329,724$2,619,580
26$4,842,103$1,747,535$346,210$2,748,357
27$5,084,208$1,837,114$363,521$2,883,573
28$5,338,418$1,931,172$381,697$3,025,549
29$5,605,339$2,029,933$400,782$3,174,625
30$5,885,606$2,133,631$420,821$3,331,154
Total$95,000,000$33,828,717$6,792,501$54,378,781

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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.