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Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 7, 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 $450,000,000 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 7, 2023
Jackpot:$450,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,773,146$2,464,252$484,280$3,824,614
2$7,111,803$2,589,555$508,494$4,013,754
3$7,467,393$2,721,123$533,919$4,212,351
4$7,840,763$2,859,270$560,615$4,420,878
5$8,232,801$3,004,324$588,645$4,639,832
6$8,644,441$3,156,631$618,078$4,869,733
7$9,076,663$3,316,553$648,981$5,111,129
8$9,530,496$3,484,471$681,430$5,364,595
9$10,007,021$3,660,786$715,502$5,630,734
10$10,507,372$3,845,915$751,277$5,910,180
11$11,032,741$4,040,302$788,841$6,203,598
12$11,584,378$4,244,408$828,283$6,511,687
13$12,163,597$4,458,719$869,697$6,835,181
14$12,771,777$4,683,745$913,182$7,174,850
15$13,410,365$4,920,023$958,841$7,531,501
16$14,080,884$5,168,115$1,006,783$7,905,986
17$14,784,928$5,428,611$1,057,122$8,299,194
18$15,524,174$5,702,132$1,109,978$8,712,064
19$16,300,383$5,989,329$1,165,477$9,145,576
20$17,115,402$6,290,887$1,223,751$9,600,764
21$17,971,172$6,607,521$1,284,939$10,078,712
22$18,869,731$6,939,988$1,349,186$10,580,557
23$19,813,217$7,289,078$1,416,645$11,107,494
24$20,803,878$7,655,623$1,487,477$11,660,778
25$21,844,072$8,040,494$1,561,851$12,241,726
26$22,936,276$8,444,610$1,639,944$12,851,722
27$24,083,090$8,868,931$1,721,941$13,492,218
28$25,287,244$9,314,468$1,808,038$14,164,738
29$26,551,606$9,782,282$1,898,440$14,870,884
30$27,879,187$10,273,487$1,993,362$15,612,338
Total$450,000,001$165,245,633$32,174,999$252,579,368

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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.