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Maine Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 2023

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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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$430,388$91,475$757,509
2$1,343,341$454,056$96,049$793,235
3$1,410,508$478,908$100,851$830,748
4$1,481,033$505,002$105,894$870,137
5$1,555,085$532,402$111,189$911,495
6$1,632,839$561,171$116,748$954,920
7$1,714,481$591,378$122,585$1,000,517
8$1,800,205$623,096$128,715$1,048,394
9$1,890,215$656,400$135,150$1,098,665
10$1,984,726$691,369$141,908$1,151,449
11$2,083,962$728,086$149,003$1,206,873
12$2,188,160$766,640$156,453$1,265,067
13$2,297,568$807,121$164,276$1,326,172
14$2,412,447$849,626$172,490$1,390,331
15$2,533,069$894,256$181,114$1,457,699
16$2,659,723$941,118$190,170$1,528,435
17$2,792,709$990,322$199,679$1,602,707
18$2,932,344$1,041,988$209,663$1,680,694
19$3,078,961$1,096,236$220,146$1,762,580
20$3,232,909$1,153,197$231,153$1,848,560
21$3,394,555$1,213,006$242,711$1,938,839
22$3,564,282$1,275,805$254,846$2,033,632
23$3,742,497$1,341,744$267,589$2,133,164
24$3,929,621$1,410,980$280,968$2,237,673
25$4,126,102$1,483,678$295,016$2,347,408
26$4,332,408$1,560,011$309,767$2,462,629
27$4,549,028$1,640,161$325,256$2,583,612
28$4,776,479$1,724,318$341,518$2,710,643
29$5,015,303$1,812,682$358,594$2,844,027
30$5,266,069$1,905,466$376,524$2,984,079
Total$85,000,000$30,160,611$6,077,500$48,761,893

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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.