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Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 14, 2022

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The tax information provided here is based on 2026 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 $247,000,000 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, Jun 14, 2022
Jackpot:$247,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,717,704$1,331,508$340,170$2,046,027
2$3,903,590$1,400,285$357,178$2,146,126
3$4,098,769$1,472,502$375,037$2,251,230
4$4,303,708$1,548,329$393,789$2,361,589
5$4,518,893$1,627,948$413,479$2,477,467
6$4,744,838$1,711,547$434,153$2,599,138
7$4,982,080$1,799,327$455,860$2,726,893
8$5,231,184$1,891,495$478,653$2,861,035
9$5,492,743$1,988,272$502,586$3,001,885
10$5,767,380$2,089,888$527,715$3,149,777
11$6,055,749$2,196,584$554,101$3,305,064
12$6,358,536$2,308,616$581,806$3,468,115
13$6,676,463$2,426,249$610,896$3,639,318
14$7,010,286$2,549,763$641,441$3,819,082
15$7,360,801$2,679,453$673,513$4,007,834
16$7,728,841$2,815,628$707,189$4,206,023
17$8,115,283$2,958,612$742,548$4,414,122
18$8,521,047$3,108,745$779,676$4,632,626
19$8,947,099$3,266,384$818,660$4,862,056
20$9,394,454$3,431,905$859,593$5,102,956
21$9,864,177$3,605,703$902,572$5,355,902
22$10,357,386$3,788,190$947,701$5,621,495
23$10,875,255$3,979,802$995,086$5,900,368
24$11,419,017$4,180,994$1,044,840$6,193,184
25$11,989,968$4,392,246$1,097,082$6,500,641
26$12,589,467$4,614,060$1,151,936$6,823,471
27$13,218,940$4,846,965$1,209,533$7,162,442
28$13,879,887$5,091,515$1,270,010$7,518,362
29$14,573,882$5,348,293$1,333,510$7,892,078
30$15,302,576$5,617,910$1,400,186$8,284,480
Total$247,000,000$90,068,718$22,600,499$134,330,786

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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.