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Maine Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 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 $262,000,000 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 23, 2024
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,416,106$281,959$2,245,411
2$4,140,650$1,489,061$296,056$2,355,533
3$4,347,682$1,565,663$310,859$2,471,160
4$4,565,067$1,646,095$326,402$2,592,569
5$4,793,320$1,730,549$342,722$2,720,049
6$5,032,986$1,819,225$359,858$2,853,902
7$5,284,635$1,912,335$377,851$2,994,448
8$5,548,867$2,010,101$396,744$3,142,022
9$5,826,310$2,112,755$416,581$3,296,974
10$6,117,626$2,220,542$437,410$3,459,674
11$6,423,507$2,333,718$459,281$3,630,508
12$6,744,682$2,452,553$482,245$3,809,885
13$7,081,916$2,577,329$506,357$3,998,230
14$7,436,012$2,708,345$531,675$4,195,993
15$7,807,813$2,845,911$558,259$4,403,643
16$8,198,203$2,990,356$586,172$4,621,676
17$8,608,113$3,142,022$615,480$4,850,611
18$9,038,519$3,301,272$646,254$5,090,993
19$9,490,445$3,468,485$678,567$5,343,393
20$9,964,967$3,644,058$712,495$5,608,414
21$10,463,216$3,828,410$748,120$5,886,686
22$10,986,377$4,021,980$785,526$6,178,871
23$11,535,695$4,225,228$824,802$6,485,666
24$12,112,480$4,438,638$866,042$6,807,800
25$12,718,104$4,662,719$909,344$7,146,041
26$13,354,010$4,898,004$954,812$7,501,194
27$14,021,710$5,145,053$1,002,552$7,874,105
28$14,722,795$5,404,454$1,052,680$8,265,661
29$15,458,935$5,676,826$1,105,314$8,676,795
30$16,231,882$5,962,817$1,160,580$9,108,486
Total$262,000,001$95,650,610$18,732,999$147,616,393

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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.