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Maine Mega Millions Jackpot Annuity Payout Schedule for May 22, 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 $194,000,000 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, May 22, 2015
Jackpot:$194,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,919,978$1,036,349$208,778$1,674,851
2$3,065,977$1,090,369$219,217$1,756,391
3$3,219,276$1,147,089$230,178$1,842,008
4$3,380,240$1,206,646$241,687$1,931,907
5$3,549,252$1,269,180$253,772$2,026,300
6$3,726,715$1,334,842$266,460$2,125,413
7$3,913,050$1,403,786$279,783$2,229,481
8$4,108,703$1,476,177$293,772$2,338,753
9$4,314,138$1,552,188$308,461$2,453,489
10$4,529,845$1,632,000$323,884$2,573,961
11$4,756,337$1,715,802$340,078$2,700,457
12$4,994,154$1,803,794$357,082$2,833,278
13$5,243,862$1,896,186$374,936$2,972,740
14$5,506,055$1,993,198$393,683$3,119,174
15$5,781,358$2,095,060$413,367$3,272,931
16$6,070,425$2,202,015$434,035$3,434,375
17$6,373,947$2,314,318$455,737$3,603,892
18$6,692,644$2,432,236$478,524$3,781,884
19$7,027,276$2,556,049$502,450$3,968,776
20$7,378,640$2,686,054$527,573$4,165,013
21$7,747,572$2,822,559$553,951$4,371,062
22$8,134,951$2,965,889$581,649$4,587,413
23$8,541,698$3,116,386$610,731$4,814,581
24$8,968,783$3,274,407$641,268$5,053,108
25$9,417,222$3,440,329$673,331$5,303,561
26$9,888,083$3,614,548$706,998$5,566,537
27$10,382,488$3,797,478$742,348$5,842,662
28$10,901,612$3,989,554$779,465$6,132,593
29$11,446,692$4,191,233$818,439$6,437,020
30$12,019,027$4,402,997$859,360$6,756,669
Total$194,000,000$70,458,718$13,870,997$109,670,280

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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.