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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 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 $221,000,000 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, Jan 9, 2015
Jackpot:$221,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,326,367$1,186,713$304,363$1,835,291
2$3,492,686$1,248,251$319,581$1,924,854
3$3,667,320$1,312,866$335,560$2,018,894
4$3,850,686$1,380,711$352,338$2,117,637
5$4,043,220$1,451,949$369,955$2,221,317
6$4,245,381$1,526,748$388,452$2,330,180
7$4,457,650$1,605,288$407,875$2,444,487
8$4,680,533$1,687,754$428,269$2,564,510
9$4,914,559$1,774,344$449,682$2,690,533
10$5,160,287$1,865,264$472,166$2,822,857
11$5,418,302$1,960,729$495,775$2,961,798
12$5,689,217$2,060,967$520,563$3,107,686
13$5,973,678$2,166,218$546,591$3,260,868
14$6,272,361$2,276,731$573,921$3,421,709
15$6,585,979$2,392,770$602,617$3,590,593
16$6,915,279$2,514,610$632,748$3,767,920
17$7,261,042$2,642,543$664,385$3,954,114
18$7,624,094$2,776,872$697,605$4,149,618
19$8,005,299$2,917,918$732,485$4,354,896
20$8,405,564$3,066,016$769,109$4,570,439
21$8,825,842$3,221,519$807,565$4,796,759
22$9,267,134$3,384,797$847,943$5,034,395
23$9,730,491$3,556,239$890,340$5,283,912
24$10,217,016$3,736,253$934,857$5,545,906
25$10,727,866$3,925,268$981,600$5,820,999
26$11,264,260$4,123,733$1,030,680$6,109,847
27$11,827,473$4,332,122$1,082,214$6,413,137
28$12,418,846$4,550,930$1,136,324$6,731,592
29$13,039,789$4,780,679$1,193,141$7,065,969
30$13,691,778$5,021,915$1,252,798$7,417,065
Total$221,000,000$80,448,717$20,221,502$120,329,782

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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.