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Maine Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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The tax information provided here is based on 2022 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 $333,000,000 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 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$358,367$2,836,318
2$5,262,734$1,910,167$376,286$2,976,282
3$5,525,871$2,007,527$395,100$3,123,244
4$5,802,165$2,109,756$414,855$3,277,554
5$6,092,273$2,217,096$435,597$3,439,579
6$6,396,886$2,329,803$457,377$3,609,706
7$6,716,731$2,448,145$480,246$3,788,339
8$7,052,567$2,572,405$504,259$3,975,904
9$7,405,196$2,702,877$529,471$4,172,847
10$7,775,455$2,839,874$555,945$4,379,637
11$8,164,228$2,983,719$583,742$4,596,766
12$8,572,440$3,134,758$612,929$4,824,753
13$9,001,062$3,293,348$643,576$5,064,138
14$9,451,115$3,459,867$675,755$5,315,493
15$9,923,670$3,634,713$709,542$5,579,415
16$10,419,854$3,818,301$745,020$5,856,533
17$10,940,847$4,011,068$782,271$6,147,508
18$11,487,889$4,213,474$821,384$6,453,031
19$12,062,283$4,426,000$862,453$6,773,830
20$12,665,398$4,649,152$905,576$7,110,670
21$13,298,667$4,883,462$950,855$7,464,351
22$13,963,601$5,129,487$998,397$7,835,716
23$14,661,781$5,387,814$1,048,317$8,225,650
24$15,394,870$5,659,057$1,100,733$8,635,080
25$16,164,613$5,943,862$1,155,770$9,064,981
26$16,972,844$6,242,907$1,213,558$9,516,378
27$17,821,486$6,556,905$1,274,236$9,990,345
28$18,712,560$6,886,602$1,337,948$10,488,010
29$19,648,188$7,232,785$1,404,845$11,010,558
30$20,630,598$7,596,276$1,475,088$11,559,234
Total$333,000,001$122,098,649$23,809,498$187,091,850

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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.