USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 2017

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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 $46,000,000 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, Feb 17, 2017
Jackpot:$46,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$692,366$212,133$63,351$416,882
2$726,984$224,941$66,519$435,524
3$763,334$238,391$69,845$455,098
4$801,500$252,512$73,337$475,651
5$841,575$267,340$77,004$497,231
6$883,654$282,909$80,854$519,890
7$927,837$299,257$84,897$543,683
8$974,229$316,422$89,142$568,665
9$1,022,940$334,445$93,599$594,896
10$1,074,087$353,369$98,279$622,439
11$1,127,791$373,240$103,193$651,358
12$1,184,181$394,104$108,353$681,724
13$1,243,390$416,012$113,770$713,608
14$1,305,559$439,014$119,459$747,086
15$1,370,837$463,167$125,432$782,239
16$1,439,379$488,528$131,703$819,148
17$1,511,348$515,156$138,288$857,904
18$1,586,916$543,116$145,203$898,597
19$1,666,261$572,474$152,463$941,324
20$1,749,574$603,300$160,086$986,189
21$1,837,053$635,667$168,090$1,033,296
22$1,928,906$669,652$176,495$1,082,759
23$2,025,351$705,337$185,320$1,134,694
24$2,126,619$742,806$194,586$1,189,227
25$2,232,950$782,149$204,315$1,246,486
26$2,344,597$823,458$214,531$1,306,608
27$2,461,827$866,833$225,257$1,369,737
28$2,584,918$912,377$236,520$1,436,021
29$2,714,164$960,198$248,346$1,505,620
30$2,849,872$1,010,410$260,763$1,578,699
Total$46,000,000$15,698,717$4,209,000$26,092,283

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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.