USA Mega

Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 19, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $251,000,000 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, Jul 19, 2024
Jackpot:$251,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,777,910$1,356,015$270,121$2,151,775
2$3,966,806$1,425,906$283,627$2,257,273
3$4,165,146$1,499,292$297,808$2,368,046
4$4,373,403$1,576,347$312,698$2,484,358
5$4,592,073$1,657,255$328,333$2,606,485
6$4,821,677$1,742,208$344,750$2,734,719
7$5,062,761$1,831,409$361,987$2,869,364
8$5,315,899$1,925,070$380,087$3,010,742
9$5,581,694$2,023,415$399,091$3,159,188
10$5,860,779$2,126,676$419,046$3,315,057
11$6,153,818$2,235,100$439,998$3,478,719
12$6,461,509$2,348,946$461,998$3,650,565
13$6,784,584$2,468,484$485,098$3,831,002
14$7,123,813$2,593,999$509,353$4,020,462
15$7,480,004$2,725,789$534,820$4,219,394
16$7,854,004$2,864,169$561,561$4,428,274
17$8,246,704$3,009,468$589,639$4,647,597
18$8,659,039$3,162,032$619,121$4,877,886
19$9,091,991$3,322,225$650,077$5,119,689
20$9,546,591$3,490,426$682,581$5,373,583
21$10,023,920$3,667,038$716,710$5,640,172
22$10,525,116$3,852,481$752,546$5,920,090
23$11,051,372$4,047,196$790,173$6,214,004
24$11,603,941$4,251,646$829,682$6,522,613
25$12,184,138$4,466,319$871,166$6,846,653
26$12,793,345$4,691,725$914,724$7,186,895
27$13,433,012$4,928,402$960,460$7,544,150
28$14,104,663$5,176,913$1,008,483$7,919,266
29$14,809,896$5,437,849$1,058,908$8,313,139
30$15,550,391$5,711,832$1,111,853$8,726,705
Total$251,000,001$91,615,632$17,946,499$141,437,865

◄ Back to Jackpot Analysis

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.