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Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 22, 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 $660,000,000 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, Jul 22, 2022
Jackpot:$660,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,933,947$3,631,518$908,956$5,393,473
2$10,430,645$3,815,296$954,404$5,660,945
3$10,952,177$4,008,263$1,002,124$5,941,790
4$11,499,786$4,210,878$1,052,230$6,236,677
5$12,074,775$4,423,624$1,104,842$6,546,309
6$12,678,514$4,647,007$1,160,084$6,871,422
7$13,312,440$4,881,560$1,218,088$7,212,791
8$13,978,061$5,127,840$1,278,993$7,571,229
9$14,676,965$5,386,434$1,342,942$7,947,588
10$15,410,813$5,657,958$1,410,089$8,342,765
11$16,181,353$5,943,058$1,480,594$8,757,702
12$16,990,421$6,242,413$1,554,624$9,193,384
13$17,839,942$6,556,736$1,632,355$9,650,851
14$18,731,939$6,886,775$1,713,972$10,131,192
15$19,668,536$7,233,316$1,799,671$10,635,549
16$20,651,963$7,597,184$1,889,655$11,165,125
17$21,684,561$7,979,245$1,984,137$11,721,179
18$22,768,789$8,380,409$2,083,344$12,305,036
19$23,907,228$8,801,632$2,187,511$12,918,085
20$25,102,590$9,243,915$2,296,887$13,561,787
21$26,357,719$9,708,313$2,411,731$14,237,674
22$27,675,605$10,195,931$2,532,318$14,947,356
23$29,059,386$10,707,930$2,658,934$15,692,522
24$30,512,354$11,245,528$2,791,880$16,474,946
25$32,037,972$11,810,007$2,931,474$17,296,491
26$33,639,871$12,402,710$3,078,048$18,159,113
27$35,321,865$13,025,047$3,231,951$19,064,867
28$37,087,958$13,678,502$3,393,548$20,015,908
29$38,942,356$14,364,629$3,563,226$21,014,501
30$40,889,474$15,085,063$3,741,387$22,063,024
Total$660,000,001$242,878,721$60,389,999$356,731,281

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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.