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Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 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 $87,000,000 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, Nov 1, 2022
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,309,475$442,693$93,627$773,154
2$1,374,949$466,919$98,309$809,721
3$1,443,696$492,355$103,224$848,116
4$1,515,881$519,064$108,385$888,432
5$1,591,675$547,107$113,805$930,763
6$1,671,259$576,553$119,495$975,210
7$1,754,822$607,472$125,470$1,021,880
8$1,842,563$639,936$131,743$1,070,883
9$1,934,691$674,023$138,330$1,122,337
10$2,031,425$709,815$145,247$1,176,363
11$2,132,997$747,396$152,509$1,233,091
12$2,239,646$786,857$160,135$1,292,655
13$2,351,629$828,290$168,141$1,355,197
14$2,469,210$871,796$176,549$1,420,866
15$2,592,671$917,476$185,376$1,489,819
16$2,722,304$965,440$194,645$1,562,219
17$2,858,419$1,015,803$204,377$1,638,239
18$3,001,340$1,068,684$214,596$1,718,061
19$3,151,407$1,124,208$225,326$1,801,873
20$3,308,978$1,182,510$236,592$1,889,876
21$3,474,427$1,243,726$248,422$1,982,280
22$3,648,148$1,308,002$260,843$2,079,303
23$3,830,555$1,375,493$273,885$2,181,177
24$4,022,083$1,446,358$287,579$2,288,146
25$4,223,187$1,520,767$301,958$2,400,462
26$4,434,347$1,598,896$317,056$2,518,395
27$4,656,064$1,680,931$332,909$2,642,224
28$4,888,867$1,767,069$349,554$2,772,245
29$5,133,311$1,857,513$367,032$2,908,766
30$5,389,976$1,952,479$385,383$3,052,114
Total$87,000,000$30,935,631$6,220,502$49,843,867

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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.