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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2015

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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 $246,000,000 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, Jan 13, 2015
Jackpot:$246,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,702,653$1,325,939$338,793$2,037,921
2$3,887,786$1,394,438$355,732$2,137,615
3$4,082,175$1,466,362$373,519$2,242,294
4$4,286,284$1,541,882$392,195$2,352,207
5$4,500,598$1,621,178$411,805$2,467,615
6$4,725,628$1,704,440$432,395$2,588,793
7$4,961,909$1,791,864$454,015$2,716,031
8$5,210,005$1,883,659$476,715$2,849,630
9$5,470,505$1,980,044$500,551$2,989,910
10$5,744,030$2,081,248$525,579$3,137,203
11$6,031,232$2,187,513$551,858$3,291,861
12$6,332,793$2,299,091$579,451$3,454,252
13$6,649,433$2,416,247$608,423$3,624,762
14$6,981,905$2,539,262$638,844$3,803,798
15$7,331,000$2,668,427$670,786$3,991,786
16$7,697,550$2,804,051$704,326$4,189,173
17$8,082,427$2,946,455$739,542$4,396,430
18$8,486,549$3,095,980$776,519$4,614,049
19$8,910,876$3,252,981$815,345$4,842,549
20$9,356,420$3,417,833$856,112$5,082,475
21$9,824,241$3,590,926$898,918$5,334,396
22$10,315,453$3,772,675$943,864$5,598,914
23$10,831,226$3,963,511$991,057$5,876,658
24$11,372,787$4,163,888$1,040,610$6,168,288
25$11,941,426$4,374,285$1,092,640$6,474,501
26$12,538,497$4,595,201$1,147,273$6,796,024
27$13,165,422$4,827,164$1,204,636$7,133,623
28$13,823,693$5,070,724$1,264,868$7,488,102
29$14,514,878$5,326,462$1,328,111$7,860,305
30$15,240,622$5,594,987$1,394,517$8,251,118
Total$246,000,000$89,698,717$22,508,999$133,792,283

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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.