USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 28, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $940,000,000 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, Jul 28, 2023
Jackpot:$940,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$14,148,349$5,191,909$1,011,607$7,944,833
2$14,855,767$5,453,654$1,062,187$8,339,925
3$15,598,555$5,728,485$1,115,297$8,754,772
4$16,378,483$6,017,059$1,171,062$9,190,362
5$17,197,406$6,320,061$1,229,615$9,647,731
6$18,057,277$6,638,213$1,291,095$10,127,969
7$18,960,141$6,972,273$1,355,650$10,632,219
8$19,908,148$7,323,035$1,423,433$11,161,680
9$20,903,556$7,691,336$1,494,604$11,717,615
10$21,948,733$8,078,051$1,569,334$12,301,347
11$23,046,170$8,484,103$1,647,801$12,914,266
12$24,198,478$8,910,457$1,730,191$13,557,830
13$25,408,402$9,358,129$1,816,701$14,233,572
14$26,678,822$9,828,185$1,907,536$14,943,102
15$28,012,763$10,321,743$2,002,913$15,688,108
16$29,413,402$10,839,979$2,103,058$16,470,365
17$30,884,071$11,384,127$2,208,211$17,291,734
18$32,428,275$11,955,482$2,318,622$18,154,171
19$34,049,689$12,555,405$2,434,553$19,059,731
20$35,752,173$13,185,324$2,556,280$20,010,569
21$37,539,782$13,846,739$2,684,094$21,008,948
22$39,416,771$14,541,225$2,818,299$22,057,246
23$41,387,610$15,270,436$2,959,214$23,157,960
24$43,456,990$16,036,106$3,107,175$24,313,708
25$45,629,839$16,840,061$3,262,533$25,527,245
26$47,911,332$17,684,213$3,425,660$26,801,459
27$50,306,898$18,570,573$3,596,943$28,139,382
28$52,822,243$19,501,250$3,776,790$29,544,202
29$55,463,355$20,478,462$3,965,630$31,019,263
30$58,236,523$21,504,534$4,163,911$32,568,078
Total$940,000,002$346,510,609$67,209,999$526,279,392

◄ Back to Jackpot Analysis

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.