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Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2024 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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$345,453$2,740,211
2$5,073,086$1,835,230$362,726$2,875,131
3$5,326,740$1,929,082$380,862$3,016,797
4$5,593,078$2,027,626$399,905$3,165,546
5$5,872,731$2,131,098$419,900$3,321,733
6$6,166,368$2,239,744$440,895$3,485,729
7$6,474,687$2,353,822$462,940$3,657,925
8$6,798,421$2,473,603$486,087$3,838,730
9$7,138,342$2,599,374$510,391$4,028,576
10$7,495,259$2,731,434$535,911$4,227,914
11$7,870,022$2,870,096$562,707$4,437,219
12$8,263,523$3,015,691$590,842$4,656,990
13$8,676,699$3,168,566$620,384$4,887,749
14$9,110,534$3,329,085$651,403$5,130,046
15$9,566,061$3,497,630$683,973$5,384,457
16$10,044,364$3,674,602$718,172$5,651,589
17$10,546,582$3,860,423$754,081$5,932,078
18$11,073,911$4,055,535$791,785$6,226,592
19$11,627,606$4,260,402$831,374$6,535,830
20$12,208,987$4,475,513$872,943$6,860,531
21$12,819,436$4,701,379$916,590$7,201,467
22$13,460,408$4,938,539$962,419$7,559,450
23$14,133,428$5,187,556$1,010,540$7,935,332
24$14,840,100$5,449,025$1,061,067$8,330,008
25$15,582,105$5,723,566$1,114,120$8,744,418
26$16,361,210$6,011,836$1,169,827$9,179,548
27$17,179,271$6,314,518$1,228,318$9,636,435
28$18,038,234$6,632,334$1,289,734$10,116,166
29$18,940,146$6,966,042$1,354,220$10,619,884
30$19,887,153$7,316,434$1,421,931$11,148,787
Total$321,000,001$117,515,632$22,951,500$180,532,868

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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.