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Maine Mega Millions Jackpot Annuity Payout Schedule for Aug 29, 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 $67,000,000 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, Aug 29, 2023
Jackpot:$67,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$331,313$72,104$605,029
2$1,058,868$349,969$75,709$633,190
3$1,111,812$369,558$79,495$662,759
4$1,167,403$390,127$83,469$693,807
5$1,225,773$411,724$87,643$726,406
6$1,287,061$434,400$92,025$760,636
7$1,351,414$458,211$96,626$796,577
8$1,418,985$483,212$101,457$834,315
9$1,489,934$509,463$106,530$873,941
10$1,564,431$537,027$111,857$915,547
11$1,642,653$565,969$117,450$959,234
12$1,724,785$596,358$123,322$1,005,105
13$1,811,024$628,267$129,488$1,053,269
14$1,901,576$661,771$135,963$1,103,842
15$1,996,654$696,950$142,761$1,156,944
16$2,096,487$733,888$149,899$1,212,700
17$2,201,311$772,673$157,394$1,271,245
18$2,311,377$813,397$165,263$1,332,716
19$2,426,946$856,158$173,527$1,397,262
20$2,548,293$901,056$182,203$1,465,034
21$2,675,708$948,200$191,313$1,536,195
22$2,809,493$997,700$200,879$1,610,914
23$2,949,968$1,049,676$210,923$1,689,369
24$3,097,466$1,104,250$221,469$1,771,747
25$3,252,340$1,161,553$232,542$1,858,244
26$3,414,957$1,221,722$244,169$1,949,066
27$3,585,704$1,284,898$256,378$2,044,428
28$3,764,990$1,351,234$269,197$2,144,559
29$3,953,239$1,420,886$282,657$2,249,696
30$4,150,901$1,494,021$296,789$2,360,091
Total$67,000,000$23,535,631$4,790,501$38,673,867

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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.