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Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 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 $640,000,000 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, Jul 18, 2023
Jackpot:$640,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,632,918$3,522,368$688,754$5,421,797
2$10,114,564$3,700,577$723,191$5,690,797
3$10,620,292$3,887,696$759,351$5,973,246
4$11,151,308$4,084,172$797,318$6,269,817
5$11,708,872$4,290,471$837,184$6,581,217
6$12,294,316$4,507,085$879,044$6,908,188
7$12,909,032$4,734,530$922,996$7,251,507
8$13,554,484$4,973,347$969,146$7,611,991
9$14,232,208$5,224,105$1,017,603$7,990,500
10$14,943,818$5,487,400$1,068,483$8,387,935
11$15,691,009$5,763,861$1,121,907$8,805,241
12$16,475,560$6,054,145$1,178,003$9,243,412
13$17,299,338$6,358,943$1,236,903$9,703,492
14$18,164,305$6,678,980$1,298,748$10,186,576
15$19,072,520$7,015,020$1,363,685$10,693,814
16$20,026,146$7,367,862$1,431,869$11,226,415
17$21,027,453$7,738,345$1,503,463$11,785,645
18$22,078,826$8,127,353$1,578,636$12,372,836
19$23,182,767$8,535,811$1,657,568$12,989,387
20$24,341,905$8,964,693$1,740,446$13,636,766
21$25,559,000$9,415,018$1,827,469$14,316,514
22$26,836,950$9,887,859$1,918,842$15,030,249
23$28,178,798$10,384,343$2,014,784$15,779,671
24$29,587,738$10,905,651$2,115,523$16,566,564
25$31,067,124$11,453,024$2,221,299$17,392,801
26$32,620,481$12,027,766$2,332,364$18,260,351
27$34,251,505$12,631,245$2,448,983$19,171,278
28$35,964,080$13,264,897$2,571,432$20,127,751
29$37,762,284$13,930,233$2,700,003$21,132,048
30$39,650,399$14,628,835$2,835,004$22,186,560
Total$640,000,001$235,545,635$45,760,001$358,694,366

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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.