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Maine Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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The tax information provided here is based on 2025 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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$541,768$112,999$925,634
2$1,659,421$571,006$118,649$969,766
3$1,742,392$601,705$124,581$1,016,106
4$1,829,511$633,939$130,810$1,064,762
5$1,920,987$667,785$137,351$1,115,851
6$2,017,036$703,324$144,218$1,169,494
7$2,117,888$740,639$151,429$1,225,820
8$2,223,783$779,820$159,000$1,284,962
9$2,334,972$820,960$166,950$1,347,061
10$2,451,720$864,157$175,298$1,412,265
11$2,574,306$909,514$184,063$1,480,730
12$2,703,022$957,138$193,266$1,552,617
13$2,838,173$1,007,144$202,929$1,628,099
14$2,980,081$1,059,650$213,076$1,707,355
15$3,129,085$1,114,782$223,730$1,790,574
16$3,285,540$1,172,670$234,916$1,877,954
17$3,449,816$1,233,452$246,662$1,969,702
18$3,622,307$1,297,274$258,995$2,066,038
19$3,803,423$1,364,287$271,945$2,167,191
20$3,993,594$1,434,650$285,542$2,273,402
21$4,193,273$1,508,531$299,819$2,384,923
22$4,402,937$1,586,107$314,810$2,502,020
23$4,623,084$1,667,561$330,551$2,624,972
24$4,854,238$1,753,088$347,078$2,754,072
25$5,096,950$1,842,892$364,432$2,889,626
26$5,351,798$1,937,185$382,654$3,031,959
27$5,619,388$2,036,194$401,786$3,181,408
28$5,900,357$2,140,152$421,876$3,338,329
29$6,195,375$2,249,309$442,969$3,503,097
30$6,505,144$2,363,923$465,118$3,676,102
Total$105,000,000$37,560,606$7,507,502$59,931,891

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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.