how much money would i receive from 125 000 lottery after taxes in maine
For a $125,000 lottery prize in Maine, the usual withholding would be about 24% federal plus 7.15% state , or 31.15% total on prizes over $5,000. That works out to an estimated take-home of about $86,062.50 , before any additional changes from your personal tax return.
Quick math
- Prize: $125,000
- Federal withholding: $30,000
- Maine withholding: $8,937.50
- Estimated net: $86,062.50
Important note
This is the amount you’d likely receive after withholding , not necessarily your final tax result, since the Maine Lottery says the withheld amount may not cover your full federal or state tax obligation and your final tax depends on your full tax situation.
Bottom line
A good estimate is $86.1k in hand from a $125,000 win in Maine.