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Maine Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $76,000,000 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 12, 2017
Jackpot:$76,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,143,909$379,204$81,789$682,916
2$1,201,105$400,366$85,879$714,860
3$1,261,160$422,586$90,173$748,400
4$1,324,218$445,918$94,682$783,618
5$1,390,429$470,416$99,416$820,597
6$1,459,950$496,139$104,386$859,425
7$1,532,948$523,148$109,606$900,194
8$1,609,595$551,507$115,086$943,002
9$1,690,075$581,285$120,840$987,949
10$1,774,578$612,551$126,882$1,035,145
11$1,863,307$645,381$133,226$1,084,700
12$1,956,473$679,852$139,888$1,136,733
13$2,054,296$716,047$146,882$1,191,367
14$2,157,011$754,051$154,226$1,248,733
15$2,264,862$793,956$161,938$1,308,968
16$2,378,105$835,856$170,034$1,372,214
17$2,497,010$879,851$178,536$1,438,623
18$2,621,861$926,046$187,463$1,508,352
19$2,752,954$974,550$196,836$1,581,567
20$2,890,601$1,025,480$206,678$1,658,444
21$3,035,131$1,078,956$217,012$1,739,164
22$3,186,888$1,135,106$227,862$1,823,920
23$3,346,232$1,194,063$239,256$1,912,913
24$3,513,544$1,255,968$251,218$2,006,357
25$3,689,221$1,320,969$263,779$2,104,473
26$3,873,682$1,389,220$276,968$2,207,494
27$4,067,366$1,460,883$290,817$2,315,667
28$4,270,735$1,536,129$305,358$2,429,248
29$4,484,271$1,615,138$320,625$2,548,508
30$4,708,485$1,698,097$336,657$2,673,732
Total$76,000,000$26,798,719$5,433,998$43,767,283

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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.