USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Oct 25, 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 $45,000,000 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:Tue, Oct 25, 2022
Jackpot:$45,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$677,315$208,794$48,428$420,092
2$711,180$221,324$50,849$439,006
3$746,739$234,481$53,392$458,866
4$784,076$248,296$56,061$479,719
5$823,280$262,801$58,865$501,614
6$864,444$278,032$61,808$524,604
7$907,666$294,024$64,898$548,744
8$953,050$310,816$68,143$574,090
9$1,000,702$328,448$71,550$600,704
10$1,050,737$346,961$75,128$628,649
11$1,103,274$366,399$78,884$657,991
12$1,158,438$386,810$82,828$688,800
13$1,216,360$408,241$86,970$721,149
14$1,277,178$430,743$91,318$755,116
15$1,341,037$454,371$95,884$790,781
16$1,408,088$479,180$100,678$828,230
17$1,478,493$505,230$105,712$867,550
18$1,552,417$532,582$110,998$908,837
19$1,630,038$561,302$116,548$952,189
20$1,711,540$591,458$122,375$997,707
21$1,797,117$623,121$128,494$1,045,502
22$1,886,973$656,368$134,919$1,095,687
23$1,981,322$691,277$141,665$1,148,380
24$2,080,388$727,931$148,748$1,203,709
25$2,184,407$766,418$156,185$1,261,804
26$2,293,628$806,830$163,994$1,322,803
27$2,408,309$849,262$172,194$1,386,853
28$2,528,724$893,816$180,804$1,454,105
29$2,655,161$940,597$189,844$1,524,719
30$2,787,919$989,718$199,336$1,598,865
Total$45,000,000$15,395,631$3,217,500$26,386,865

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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.