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Maine Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$388,500$3,077,627
2$5,705,247$2,067,961$407,925$3,229,360
3$5,990,509$2,173,508$428,321$3,388,679
4$6,290,034$2,284,333$449,737$3,555,964
5$6,604,536$2,400,698$472,224$3,731,613
6$6,934,763$2,522,882$495,836$3,916,045
7$7,281,501$2,651,176$520,627$4,109,698
8$7,645,576$2,785,883$546,659$4,313,034
9$8,027,855$2,927,327$573,992$4,526,537
10$8,429,247$3,075,842$602,691$4,750,714
11$8,850,710$3,231,783$632,826$4,986,101
12$9,293,245$3,395,521$664,467$5,233,257
13$9,757,908$3,567,446$697,690$5,492,771
14$10,245,803$3,747,967$732,575$5,765,261
15$10,758,093$3,937,515$769,204$6,051,375
16$11,295,998$4,136,539$807,664$6,351,795
17$11,860,798$4,345,515$848,047$6,667,235
18$12,453,838$4,564,940$890,449$6,998,448
19$13,076,529$4,795,336$934,972$7,346,221
20$13,730,356$5,037,252$981,720$7,711,384
21$14,416,874$5,291,263$1,030,806$8,094,804
22$15,137,717$5,557,976$1,082,347$8,497,395
23$15,894,603$5,838,023$1,136,464$8,920,116
24$16,689,333$6,132,074$1,193,287$9,363,972
25$17,523,800$6,440,826$1,252,952$9,830,022
26$18,399,990$6,765,017$1,315,599$10,319,374
27$19,319,990$7,105,416$1,381,379$10,833,194
28$20,285,989$7,462,836$1,450,448$11,372,705
29$21,300,288$7,838,127$1,522,971$11,939,191
30$22,365,303$8,232,182$1,599,119$12,534,001
Total$361,000,001$132,280,604$25,811,498$202,907,893

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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.