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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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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 $31,000,000 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, Jan 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$132,855$33,362$300,378
2$489,924$141,021$35,030$313,874
3$514,420$149,594$36,781$328,045
4$540,141$158,597$38,620$342,925
5$567,149$168,049$40,551$358,548
6$595,506$177,974$42,579$374,953
7$625,281$188,396$44,708$392,178
8$656,545$199,942$46,943$409,660
9$689,373$212,088$49,290$427,994
10$723,841$224,841$51,755$447,245
11$760,033$238,233$54,342$467,458
12$798,035$252,293$57,059$488,682
13$837,937$267,057$59,912$510,967
14$879,834$282,559$62,908$534,367
15$923,825$298,836$66,053$558,936
16$970,016$315,926$69,356$584,734
17$1,018,517$333,872$72,824$611,822
18$1,069,443$352,714$76,465$640,264
19$1,122,915$372,499$80,288$670,128
20$1,179,061$393,273$84,303$701,485
21$1,238,014$415,085$88,518$734,411
22$1,299,915$437,989$92,944$768,982
23$1,364,911$462,037$97,591$805,282
24$1,433,156$487,288$102,471$843,397
25$1,504,814$513,801$107,594$883,418
26$1,580,055$541,640$112,974$925,440
27$1,659,057$570,871$118,623$969,563
28$1,742,010$601,564$124,554$1,015,892
29$1,829,111$633,791$130,781$1,064,538
30$1,920,566$667,630$137,320$1,115,616
Total$31,000,000$10,192,315$2,216,499$18,591,182

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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.