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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 2024 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$7,465,241$1,450,687$11,373,406
2$21,303,801$7,840,594$1,523,222$11,939,985
3$22,368,991$8,234,714$1,599,383$12,534,894
4$23,487,441$8,648,541$1,679,352$13,159,548
5$24,661,812$9,083,058$1,763,320$13,815,434
6$25,894,903$9,539,302$1,851,486$14,504,116
7$27,189,649$10,018,358$1,944,060$15,227,231
8$28,549,132$10,521,366$2,041,263$15,986,502
9$29,976,588$11,049,525$2,143,326$16,783,737
10$31,475,417$11,604,092$2,250,492$17,620,833
11$33,049,188$12,186,387$2,363,017$18,499,784
12$34,701,648$12,797,797$2,481,168$19,422,682
13$36,436,730$13,439,778$2,605,226$20,391,726
14$38,258,567$14,113,857$2,735,488$21,409,222
15$40,171,495$14,821,641$2,872,262$22,477,592
16$42,180,070$15,564,814$3,015,875$23,599,381
17$44,289,072$16,345,145$3,166,669$24,777,259
18$46,503,526$17,164,493$3,325,002$26,014,032
19$48,828,702$18,024,808$3,491,252$27,312,643
20$51,270,138$18,928,139$3,665,815$28,676,184
21$53,833,644$19,876,636$3,849,106$30,107,903
22$56,525,327$20,872,559$4,041,561$31,611,207
23$59,351,593$21,918,277$4,243,639$33,189,677
24$62,319,172$23,016,282$4,455,821$34,847,070
25$65,435,131$24,169,186$4,678,612$36,587,333
26$68,706,889$25,379,737$4,912,543$38,414,610
27$72,142,233$26,650,814$5,158,170$40,333,249
28$75,749,344$27,985,445$5,416,078$42,347,821
29$79,536,811$29,386,808$5,686,882$44,463,121
30$83,513,652$30,858,239$5,971,226$46,684,187
Total$1,348,000,003$497,505,633$96,382,003$754,112,369

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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.