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Maine Mega Millions Jackpot Annuity Payout Schedule for May 21, 2021

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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 $516,000,000 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 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,829,577$555,308$4,381,656
2$8,154,868$2,973,258$583,073$4,598,536
3$8,562,611$3,124,123$612,227$4,826,261
4$8,990,742$3,282,532$642,838$5,065,372
5$9,440,278$3,448,860$674,980$5,316,438
6$9,912,292$3,623,505$708,729$5,580,058
7$10,407,907$3,806,883$744,165$5,856,859
8$10,928,303$3,999,429$781,374$6,147,500
9$11,474,718$4,201,603$820,442$6,452,673
10$12,048,453$4,413,885$861,464$6,773,104
11$12,650,876$4,636,781$904,538$7,109,557
12$13,283,420$4,870,823$949,765$7,462,833
13$13,947,591$5,116,566$997,253$7,833,772
14$14,644,971$5,374,596$1,047,115$8,223,259
15$15,377,219$5,645,528$1,099,471$8,632,220
16$16,146,080$5,930,007$1,154,445$9,061,629
17$16,953,384$6,228,709$1,212,167$9,512,508
18$17,801,053$6,542,347$1,272,775$9,985,931
19$18,691,106$6,871,666$1,336,414$10,483,025
20$19,625,661$7,217,452$1,403,235$11,004,974
21$20,606,944$7,580,527$1,473,396$11,553,021
22$21,637,291$7,961,755$1,547,066$12,128,470
23$22,719,156$8,362,045$1,624,420$12,732,691
24$23,855,113$8,782,349$1,705,641$13,367,124
25$25,047,869$9,223,669$1,790,923$14,033,278
26$26,300,263$9,687,055$1,880,469$14,732,740
27$27,615,276$10,173,609$1,974,492$15,467,174
28$28,996,040$10,684,492$2,073,217$16,238,331
29$30,445,842$11,220,919$2,176,878$17,048,045
30$31,968,134$11,784,167$2,285,722$17,898,246
Total$516,000,001$189,598,717$36,894,002$289,507,285

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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.