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Maine Mega Millions Jackpot Annuity Payout Schedule for May 10, 2019

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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 $295,000,000 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 10, 2019
Jackpot:$295,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,440,173$1,598,821$317,472$2,523,880
2$4,662,182$1,680,965$333,346$2,647,871
3$4,895,291$1,767,215$350,013$2,778,063
4$5,140,056$1,857,778$367,514$2,914,764
5$5,397,058$1,952,869$385,890$3,058,300
6$5,666,911$2,052,714$405,184$3,209,013
7$5,950,257$2,157,552$425,443$3,367,261
8$6,247,770$2,267,632$446,716$3,533,422
9$6,560,158$2,383,216$469,051$3,707,891
10$6,888,166$2,504,579$492,504$3,891,084
11$7,232,575$2,632,010$517,129$4,083,436
12$7,594,203$2,765,812$542,986$4,285,405
13$7,973,913$2,906,305$570,135$4,497,473
14$8,372,609$3,053,823$598,642$4,720,145
15$8,791,240$3,208,716$628,574$4,953,950
16$9,230,802$3,371,354$660,002$5,199,445
17$9,692,342$3,542,124$693,002$5,457,215
18$10,176,959$3,721,432$727,653$5,727,874
19$10,685,807$3,909,706$764,035$6,012,066
20$11,220,097$4,107,393$802,237$6,310,467
21$11,781,102$4,314,965$842,349$6,623,788
22$12,370,157$4,532,915$884,466$6,952,775
23$12,988,665$4,761,763$928,690$7,298,212
24$13,638,098$5,002,053$975,124$7,660,920
25$14,320,003$5,254,358$1,023,880$8,041,764
26$15,036,003$5,519,278$1,075,074$8,441,650
27$15,787,803$5,797,444$1,128,828$8,861,531
28$16,577,193$6,089,519$1,185,269$9,302,405
29$17,406,053$6,396,197$1,244,533$9,765,323
30$18,276,356$6,718,209$1,306,759$10,251,387
Total$295,000,001$107,828,717$21,092,500$166,078,780

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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.