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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2022

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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 $426,000,000 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 28, 2022
Jackpot:$426,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,411,911$2,330,595$458,452$3,622,865
2$6,732,507$2,449,215$481,374$3,801,917
3$7,069,132$2,573,767$505,443$3,989,923
4$7,422,589$2,704,546$530,715$4,187,328
5$7,793,718$2,841,863$557,251$4,394,604
6$8,183,404$2,986,047$585,113$4,612,243
7$8,592,575$3,137,440$614,369$4,840,765
8$9,022,203$3,296,403$645,088$5,080,713
9$9,473,313$3,463,314$677,342$5,332,658
10$9,946,979$3,638,570$711,209$5,597,200
11$10,444,328$3,822,589$746,769$5,874,969
12$10,966,544$4,015,809$784,108$6,166,627
13$11,514,872$4,218,690$823,313$6,472,868
14$12,090,615$4,431,715$864,479$6,794,421
15$12,695,146$4,655,392$907,703$7,132,051
16$13,329,903$4,890,252$953,088$7,486,563
17$13,996,398$5,136,855$1,000,742$7,858,801
18$14,696,218$5,395,789$1,050,780$8,249,650
19$15,431,029$5,667,669$1,103,319$8,660,042
20$16,202,581$5,953,143$1,158,485$9,090,954
21$17,012,710$6,252,890$1,216,409$9,543,411
22$17,863,345$6,567,625$1,277,229$10,018,490
23$18,756,512$6,898,097$1,341,091$10,517,324
24$19,694,338$7,245,093$1,408,145$11,041,100
25$20,679,055$7,609,438$1,478,552$11,591,064
26$21,713,008$7,992,001$1,552,480$12,168,527
27$22,798,658$8,393,691$1,630,104$12,774,863
28$23,938,591$8,815,466$1,711,609$13,411,515
29$25,135,520$9,258,330$1,797,190$14,080,000
30$26,392,297$9,723,338$1,887,049$14,781,910
Total$426,000,001$156,365,632$30,459,000$239,175,366

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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.