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Maine Mega Millions Jackpot Annuity Payout Schedule for Dec 30, 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 $685,000,000 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 30, 2022
Jackpot:$685,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$10,310,233$3,771,806$737,182$5,801,245
2$10,825,745$3,962,546$774,041$6,089,158
3$11,367,032$4,162,822$812,743$6,391,467
4$11,935,384$4,373,112$853,380$6,708,892
5$12,532,152$4,593,917$896,049$7,042,187
6$13,158,760$4,825,762$940,851$7,392,147
7$13,816,699$5,069,199$987,894$7,759,606
8$14,507,533$5,324,808$1,037,289$8,145,437
9$15,232,910$5,593,197$1,089,153$8,550,560
10$15,994,555$5,875,006$1,143,611$8,975,939
11$16,794,283$6,170,905$1,200,791$9,422,587
12$17,633,997$6,481,599$1,260,831$9,891,567
13$18,515,697$6,807,828$1,323,872$10,383,997
14$19,441,482$7,150,369$1,390,066$10,901,048
15$20,413,556$7,510,036$1,459,569$11,443,951
16$21,434,234$7,887,687$1,532,548$12,014,000
17$22,505,946$8,284,220$1,609,175$12,612,550
18$23,631,243$8,700,580$1,689,634$13,241,029
19$24,812,805$9,137,758$1,774,116$13,900,931
20$26,053,445$9,596,795$1,862,821$14,593,829
21$27,356,118$10,078,784$1,955,962$15,321,371
22$28,723,923$10,584,872$2,053,761$16,085,291
23$30,160,120$11,116,265$2,156,449$16,887,407
24$31,668,125$11,674,227$2,264,271$17,729,628
25$33,251,532$12,260,087$2,377,485$18,613,960
26$34,914,109$12,875,241$2,496,359$19,542,510
27$36,659,814$13,521,152$2,621,177$20,517,486
28$38,492,804$14,199,358$2,752,236$21,541,211
29$40,417,445$14,911,475$2,889,847$22,616,123
30$42,438,317$15,659,198$3,034,340$23,744,780
Total$685,000,001$252,160,611$48,977,503$383,861,894

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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.