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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 15, 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 $750,000,000 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 15, 2021
Jackpot:$750,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,288,576$4,134,961$807,133$6,346,482
2$11,853,005$4,343,800$847,490$6,661,716
3$12,445,655$4,563,080$889,864$6,992,711
4$13,067,939$4,793,325$934,358$7,340,256
5$13,721,335$5,035,082$981,075$7,705,178
6$14,407,402$5,288,926$1,030,129$8,088,346
7$15,127,772$5,555,463$1,081,636$8,490,673
8$15,884,161$5,835,327$1,135,717$8,913,116
9$16,678,369$6,129,184$1,192,503$9,356,681
10$17,512,287$6,437,734$1,252,129$9,822,425
11$18,387,902$6,761,711$1,314,735$10,311,455
12$19,307,297$7,101,887$1,380,472$10,824,937
13$20,272,661$7,459,072$1,449,495$11,364,094
14$21,286,295$7,834,117$1,521,970$11,930,208
15$22,350,609$8,227,913$1,598,069$12,524,627
16$23,468,140$8,641,399$1,677,972$13,148,768
17$24,641,546$9,075,560$1,761,871$13,804,116
18$25,873,624$9,531,429$1,849,964$14,492,231
19$27,167,305$10,010,091$1,942,462$15,214,752
20$28,525,670$10,512,686$2,039,585$15,973,399
21$29,951,954$11,040,411$2,141,565$16,769,978
22$31,449,551$11,594,522$2,248,643$17,606,387
23$33,022,029$12,176,338$2,361,075$18,484,615
24$34,673,130$12,787,246$2,479,129$19,406,755
25$36,406,787$13,428,699$2,603,085$20,375,003
26$38,227,127$14,102,225$2,733,240$21,391,662
27$40,138,483$14,809,426$2,869,902$22,459,155
28$42,145,406$15,551,988$3,013,397$23,580,022
29$44,252,677$16,331,678$3,164,066$24,756,932
30$46,465,311$17,150,353$3,322,270$25,992,688
Total$750,000,002$276,245,633$53,625,001$420,129,368

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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.