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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 13, 2023

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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 $1,348,000,000 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, Jan 13, 2023
Jackpot:$1,348,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,289,334$7,463,011$1,450,687$11,375,636
2$21,303,801$7,838,364$1,523,222$11,942,216
3$22,368,991$8,232,484$1,599,383$12,537,124
4$23,487,441$8,646,311$1,679,352$13,161,779
5$24,661,812$9,080,828$1,763,320$13,817,665
6$25,894,903$9,537,072$1,851,486$14,506,346
7$27,189,649$10,016,127$1,944,060$15,229,462
8$28,549,132$10,519,136$2,041,263$15,988,733
9$29,976,588$11,047,295$2,143,326$16,785,967
10$31,475,417$11,601,862$2,250,492$17,623,063
11$33,049,188$12,184,157$2,363,017$18,502,014
12$34,701,648$12,795,567$2,481,168$19,424,913
13$36,436,730$13,437,547$2,605,226$20,393,956
14$38,258,567$14,111,627$2,735,488$21,411,452
15$40,171,495$14,819,410$2,872,262$22,479,822
16$42,180,070$15,562,583$3,015,875$23,601,612
17$44,289,072$16,342,914$3,166,669$24,779,490
18$46,503,526$17,162,262$3,325,002$26,016,262
19$48,828,702$18,022,577$3,491,252$27,314,873
20$51,270,138$18,925,908$3,665,815$28,678,415
21$53,833,644$19,874,406$3,849,106$30,110,133
22$56,525,327$20,870,328$4,041,561$31,613,438
23$59,351,593$21,916,047$4,243,639$33,191,908
24$62,319,172$23,014,051$4,455,821$34,849,300
25$65,435,131$24,166,956$4,678,612$36,589,563
26$68,706,889$25,377,506$4,912,543$38,416,840
27$72,142,233$26,648,583$5,158,170$40,335,480
28$75,749,344$27,983,214$5,416,078$42,350,051
29$79,536,811$29,384,577$5,686,882$44,465,352
30$83,513,652$30,856,009$5,971,226$46,686,418
Total$1,348,000,003$497,438,719$96,382,003$754,179,283

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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.