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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 2, 2024

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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 $114,000,000 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, Jan 2, 2024
Jackpot:$114,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,715,864$591,890$122,684$1,001,290
2$1,801,657$623,633$128,818$1,049,205
3$1,891,740$656,964$135,259$1,099,516
4$1,986,327$691,961$142,022$1,152,343
5$2,085,643$728,708$149,123$1,207,811
6$2,189,925$767,293$156,580$1,266,053
7$2,299,421$807,806$164,409$1,327,207
8$2,414,392$850,345$172,629$1,391,418
9$2,535,112$895,012$181,261$1,458,840
10$2,661,868$941,911$190,324$1,529,633
11$2,794,961$991,156$199,840$1,603,965
12$2,934,709$1,042,863$209,832$1,682,015
13$3,081,445$1,097,155$220,323$1,763,967
14$3,235,517$1,154,161$231,339$1,850,016
15$3,397,293$1,214,019$242,906$1,940,368
16$3,567,157$1,276,868$255,052$2,035,237
17$3,745,515$1,342,861$267,804$2,134,850
18$3,932,791$1,412,153$281,195$2,239,443
19$4,129,430$1,484,909$295,254$2,349,267
20$4,335,902$1,561,304$310,017$2,464,581
21$4,552,697$1,641,518$325,518$2,585,661
22$4,780,332$1,725,743$341,794$2,712,795
23$5,019,348$1,814,179$358,883$2,846,286
24$5,270,316$1,907,037$376,828$2,986,451
25$5,533,832$2,004,538$395,669$3,133,625
26$5,810,523$2,106,914$415,452$3,288,157
27$6,101,049$2,214,409$436,225$3,450,416
28$6,406,102$2,327,278$458,036$3,620,788
29$6,726,407$2,445,791$480,938$3,799,678
30$7,062,727$2,570,229$504,985$3,987,513
Total$114,000,000$40,890,608$8,150,999$64,958,395

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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.