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Maine Mega Millions Jackpot Annuity Payout Schedule for Jun 30, 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 $368,000,000 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, Jun 30, 2023
Jackpot:$368,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,538,928$2,007,591$396,033$3,135,304
2$5,815,875$2,110,061$415,835$3,289,978
3$6,106,668$2,217,655$436,627$3,452,386
4$6,412,002$2,330,628$458,458$3,622,915
5$6,732,602$2,449,250$481,381$3,801,970
6$7,069,232$2,573,804$505,450$3,989,978
7$7,422,694$2,704,584$530,723$4,187,387
8$7,793,828$2,841,904$557,259$4,394,665
9$8,183,520$2,986,090$585,122$4,612,308
10$8,592,695$3,137,485$614,378$4,840,833
11$9,022,330$3,296,450$645,097$5,080,784
12$9,473,447$3,463,363$677,351$5,332,732
13$9,947,119$3,638,622$711,219$5,597,278
14$10,444,475$3,822,644$746,780$5,875,052
15$10,966,699$4,015,866$784,119$6,166,714
16$11,515,034$4,218,750$823,325$6,472,959
17$12,090,785$4,431,778$864,491$6,794,516
18$12,695,325$4,655,458$907,716$7,132,151
19$13,330,091$4,890,321$953,101$7,486,668
20$13,996,596$5,136,928$1,000,757$7,858,911
21$14,696,425$5,395,865$1,050,794$8,249,766
22$15,431,246$5,667,749$1,103,334$8,660,163
23$16,202,809$5,953,227$1,158,501$9,091,081
24$17,012,949$6,252,979$1,216,426$9,543,544
25$17,863,597$6,567,718$1,277,247$10,018,631
26$18,756,777$6,898,195$1,341,110$10,517,472
27$19,694,616$7,245,195$1,408,165$11,041,255
28$20,679,346$7,609,546$1,478,573$11,591,227
29$21,713,313$7,992,114$1,552,502$12,168,698
30$22,798,979$8,393,810$1,630,127$12,775,042
Total$368,000,001$134,905,630$26,312,001$206,782,368

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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.