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Maine Mega Millions Jackpot Annuity Payout Schedule for Jul 9, 2024

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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 $181,000,000 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, Jul 9, 2024
Jackpot:$181,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,724,310$966,182$194,788$1,563,339
2$2,860,525$1,016,582$204,528$1,639,416
3$3,003,551$1,069,502$214,754$1,719,296
4$3,153,729$1,125,068$225,492$1,803,170
5$3,311,415$1,183,411$236,766$1,891,238
6$3,476,986$1,244,673$248,605$1,983,709
7$3,650,836$1,308,997$261,035$2,080,804
8$3,833,377$1,376,537$274,086$2,182,754
9$4,025,046$1,447,455$287,791$2,289,801
10$4,226,299$1,521,918$302,180$2,402,200
11$4,437,614$1,600,105$317,289$2,520,219
12$4,659,494$1,682,201$333,154$2,644,140
13$4,892,469$1,768,401$349,812$2,774,256
14$5,137,092$1,858,912$367,302$2,910,878
15$5,393,947$1,953,948$385,667$3,054,332
16$5,663,644$2,053,736$404,951$3,204,958
17$5,946,826$2,158,514$425,198$3,363,115
18$6,244,168$2,268,530$446,458$3,529,180
19$6,556,376$2,384,047$468,781$3,703,548
20$6,884,195$2,505,340$492,220$3,886,635
21$7,228,405$2,632,698$516,831$4,078,876
22$7,589,825$2,766,423$542,672$4,280,730
23$7,969,316$2,906,835$569,806$4,492,675
24$8,367,782$3,054,267$598,296$4,715,219
25$8,786,171$3,209,071$628,211$4,948,889
26$9,225,480$3,371,615$659,622$5,194,243
27$9,686,754$3,542,287$692,603$5,451,864
28$10,171,091$3,721,492$727,233$5,722,367
29$10,679,646$3,909,657$763,595$6,006,395
30$11,213,628$4,107,230$801,774$6,304,624
Total$181,000,000$65,715,634$12,941,500$102,342,870

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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.