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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 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 $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$2,831,808$555,308$4,379,425
2$8,154,868$2,975,489$583,073$4,596,306
3$8,562,611$3,126,354$612,227$4,824,030
4$8,990,742$3,284,762$642,838$5,063,141
5$9,440,278$3,451,091$674,980$5,314,208
6$9,912,292$3,625,736$708,729$5,577,828
7$10,407,907$3,809,113$744,165$5,854,628
8$10,928,303$4,001,660$781,374$6,145,269
9$11,474,718$4,203,833$820,442$6,450,442
10$12,048,453$4,416,116$861,464$6,770,874
11$12,650,876$4,639,012$904,538$7,107,327
12$13,283,420$4,873,053$949,765$7,460,602
13$13,947,591$5,118,796$997,253$7,831,542
14$14,644,971$5,376,827$1,047,115$8,221,028
15$15,377,219$5,647,759$1,099,471$8,629,989
16$16,146,080$5,932,237$1,154,445$9,059,398
17$16,953,384$6,230,940$1,212,167$9,510,277
18$17,801,053$6,544,577$1,272,775$9,983,700
19$18,691,106$6,873,897$1,336,414$10,480,795
20$19,625,661$7,219,682$1,403,235$11,002,744
21$20,606,944$7,582,757$1,473,396$11,550,790
22$21,637,291$7,963,986$1,547,066$12,126,239
23$22,719,156$8,364,275$1,624,420$12,730,461
24$23,855,113$8,784,580$1,705,641$13,364,893
25$25,047,869$9,225,899$1,790,923$14,031,047
26$26,300,263$9,689,285$1,880,469$14,730,509
27$27,615,276$10,175,840$1,974,492$15,464,944
28$28,996,040$10,686,722$2,073,217$16,236,100
29$30,445,842$11,223,149$2,176,878$17,045,815
30$31,968,134$11,786,397$2,285,722$17,896,015
Total$516,000,001$189,665,632$36,894,002$289,440,366

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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.