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Maine Mega Millions Jackpot Annuity Payout Schedule for Dec 16, 2022

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The tax information provided here is based on 2025 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 $429,000,000 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, Dec 16, 2022
Jackpot:$429,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,457,066$2,346,135$461,680$3,649,251
2$6,779,919$2,465,590$484,764$3,829,565
3$7,118,915$2,591,019$509,002$4,018,894
4$7,474,861$2,722,719$534,453$4,217,690
5$7,848,603$2,861,004$561,175$4,426,425
6$8,241,034$3,006,203$589,234$4,645,597
7$8,653,086$3,158,662$618,696$4,875,728
8$9,085,740$3,318,744$649,630$5,117,366
9$9,540,027$3,486,830$682,112$5,371,085
10$10,017,028$3,663,321$716,218$5,637,490
11$10,517,880$3,848,636$752,028$5,917,216
12$11,043,774$4,043,216$789,630$6,210,927
13$11,595,962$4,247,526$829,111$6,519,325
14$12,175,760$4,462,052$870,567$6,843,142
15$12,784,548$4,687,303$914,095$7,183,150
16$13,423,776$4,923,817$959,800$7,540,159
17$14,094,964$5,172,157$1,007,790$7,915,017
18$14,799,713$5,432,914$1,058,179$8,308,619
19$15,539,698$5,706,709$1,111,088$8,721,901
20$16,316,683$5,994,193$1,166,643$9,155,847
21$17,132,517$6,296,052$1,224,975$9,611,491
22$17,989,143$6,613,003$1,286,224$10,089,916
23$18,888,601$6,945,802$1,350,535$10,592,263
24$19,833,030$7,295,241$1,418,062$11,119,727
25$20,824,682$7,662,153$1,488,965$11,673,565
26$21,865,916$8,047,409$1,563,413$12,255,094
27$22,959,212$8,451,929$1,641,584$12,865,700
28$24,107,172$8,876,674$1,723,663$13,506,836
29$25,312,531$9,322,657$1,809,846$14,180,028
30$26,578,158$9,790,939$1,900,338$14,886,881
Total$429,000,001$157,440,609$30,673,500$240,885,895

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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.