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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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The tax information provided here is based on 2024 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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$431,547$3,412,709
2$6,337,407$2,303,028$453,125$3,581,254
3$6,654,277$2,420,270$475,781$3,758,226
4$6,986,991$2,543,374$499,570$3,944,047
5$7,336,340$2,672,634$524,548$4,139,158
6$7,703,157$2,808,356$550,776$4,344,026
7$8,088,316$2,950,865$578,315$4,559,136
8$8,492,731$3,100,498$607,230$4,785,003
9$8,917,368$3,257,614$637,592$5,022,162
10$9,363,236$3,422,585$669,471$5,271,180
11$9,831,398$3,595,805$702,945$5,532,648
12$10,322,968$3,777,686$738,092$5,807,190
13$10,839,116$3,968,661$774,997$6,095,459
14$11,381,072$4,169,184$813,747$6,398,141
15$11,950,126$4,379,734$854,434$6,715,957
16$12,547,632$4,600,812$897,156$7,049,665
17$13,175,013$4,832,943$942,013$7,400,057
18$13,833,764$5,076,680$989,114$7,767,970
19$14,525,452$5,332,605$1,038,570$8,154,277
20$15,251,725$5,601,326$1,090,498$8,559,901
21$16,014,311$5,883,483$1,145,023$8,985,805
22$16,815,027$6,179,748$1,202,274$9,433,005
23$17,655,778$6,490,826$1,262,388$9,902,564
24$18,538,567$6,817,457$1,325,508$10,395,602
25$19,465,495$7,160,421$1,391,783$10,913,291
26$20,438,770$7,520,533$1,461,372$11,456,865
27$21,460,709$7,898,650$1,534,441$12,027,618
28$22,533,744$8,295,673$1,611,163$12,626,908
29$23,660,431$8,712,547$1,691,721$13,256,163
30$24,843,453$9,150,265$1,776,307$13,916,881
Total$401,000,001$147,115,632$28,671,501$225,212,868

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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.