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Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 17, 2018

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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 $375,000,000 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, Jul 17, 2018
Jackpot:$375,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,644,288$2,044,344$516,452$3,083,492
2$5,926,503$2,148,763$542,275$3,235,464
3$6,222,828$2,258,403$569,389$3,395,035
4$6,533,969$2,373,526$597,858$3,562,585
5$6,860,667$2,494,404$627,751$3,738,512
6$7,203,701$2,621,327$659,139$3,923,236
7$7,563,886$2,754,595$692,096$4,117,195
8$7,942,080$2,894,527$726,700$4,320,853
9$8,339,184$3,041,455$763,035$4,534,694
10$8,756,144$3,195,730$801,187$4,759,226
11$9,193,951$3,357,719$841,246$4,994,985
12$9,653,648$3,527,807$883,309$5,242,532
13$10,136,331$3,706,400$927,474$5,502,457
14$10,643,147$3,893,922$973,848$5,775,378
15$11,175,305$4,090,820$1,022,540$6,061,944
16$11,734,070$4,297,563$1,073,667$6,362,839
17$12,320,773$4,514,643$1,127,351$6,678,779
18$12,936,812$4,742,578$1,183,718$7,010,516
19$13,583,652$4,981,909$1,242,904$7,358,840
20$14,262,835$5,233,206$1,305,049$7,724,579
21$14,975,977$5,497,069$1,370,302$8,108,606
22$15,724,776$5,774,124$1,438,817$8,511,834
23$16,511,015$6,065,033$1,510,758$8,935,224
24$17,336,565$6,370,486$1,586,296$9,379,783
25$18,203,393$6,691,213$1,665,610$9,846,570
26$19,113,563$7,027,976$1,748,891$10,336,697
27$20,069,241$7,381,577$1,836,336$10,851,329
28$21,072,703$7,752,857$1,928,152$11,391,693
29$22,126,338$8,142,702$2,024,560$11,959,076
30$23,232,656$8,552,040$2,125,788$12,554,828
Total$375,000,001$137,428,718$34,312,498$203,258,781

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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.