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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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The tax information provided here is based on 2022 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 $451,000,000 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 prize money, as well as deductions claimed.

State:

Maine

Drawing Date:Fri, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$485,356$3,828,253
2$7,127,607$2,600,170$509,624$4,017,814
3$7,483,987$2,732,030$535,105$4,216,852
4$7,858,187$2,870,484$561,860$4,425,842
5$8,251,096$3,015,861$589,953$4,645,282
6$8,663,651$3,168,506$619,451$4,875,694
7$9,096,834$3,328,783$650,424$5,117,627
8$9,551,675$3,497,075$682,945$5,371,656
9$10,029,259$3,673,781$717,092$5,638,386
10$10,530,722$3,859,322$752,947$5,918,453
11$11,057,258$4,054,140$790,594$6,212,524
12$11,610,121$4,258,700$830,124$6,521,298
13$12,190,627$4,473,487$871,630$6,845,510
14$12,800,158$4,699,014$915,211$7,185,933
15$13,440,166$4,935,816$960,972$7,543,378
16$14,112,175$5,184,460$1,009,020$7,918,695
17$14,817,783$5,445,535$1,059,471$8,312,777
18$15,558,672$5,719,664$1,112,445$8,726,564
19$16,336,606$6,007,499$1,168,067$9,161,039
20$17,153,436$6,309,726$1,226,471$9,617,239
21$18,011,108$6,627,065$1,287,794$10,096,249
22$18,911,663$6,960,270$1,352,184$10,599,209
23$19,857,247$7,310,136$1,419,793$11,127,317
24$20,850,109$7,677,495$1,490,783$11,681,831
25$21,892,614$8,063,222$1,565,322$12,264,070
26$22,987,245$8,468,236$1,643,588$12,875,422
27$24,136,608$8,893,500$1,725,767$13,517,340
28$25,343,438$9,340,027$1,812,056$14,191,355
29$26,610,610$9,808,881$1,902,659$14,899,070
30$27,941,140$10,301,177$1,997,792$15,642,172
Total$451,000,001$165,758,650$32,246,500$252,994,851

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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.