USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Maine

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

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $304,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Maine

Drawing Date:  Sat, Feb 23, 2019
Jackpot:$304,000,000
Federal Tax:  24%
State Tax:5.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,575,636$1,098,153$228,782$3,248,702
2$4,804,418$1,153,060$240,221$3,411,137
3$5,044,639$1,210,713$252,232$3,581,694
4$5,296,871$1,271,249$264,844$3,760,778
5$5,561,714$1,334,811$278,086$3,948,817
6$5,839,800$1,401,552$291,990$4,146,258
7$6,131,790$1,471,630$306,590$4,353,571
8$6,438,380$1,545,211$321,919$4,571,250
9$6,760,299$1,622,472$338,015$4,799,812
10$7,098,314$1,703,595$354,916$5,039,803
11$7,453,229$1,788,775$372,661$5,291,793
12$7,825,891$1,878,214$391,295$5,556,383
13$8,217,185$1,972,124$410,859$5,834,202
14$8,628,045$2,070,731$431,402$6,125,912
15$9,059,447$2,174,267$452,972$6,432,207
16$9,512,419$2,282,981$475,621$6,753,818
17$9,988,040$2,397,130$499,402$7,091,508
18$10,487,442$2,516,986$524,372$7,446,084
19$11,011,814$2,642,835$550,591$7,818,388
20$11,562,405$2,774,977$578,120$8,209,308
21$12,140,525$2,913,726$607,026$8,619,773
22$12,747,551$3,059,412$637,378$9,050,762
23$13,384,929$3,212,383$669,246$9,503,300
24$14,054,175$3,373,002$702,709$9,978,465
25$14,756,884$3,541,652$737,844$10,477,388
26$15,494,729$3,718,735$774,736$11,001,257
27$16,269,465$3,904,672$813,473$11,551,320
28$17,082,938$4,099,905$854,147$12,128,886
29$17,937,085$4,304,900$896,854$12,735,330
30$18,833,939$4,520,145$941,697$13,372,097
Total$304,000,001$72,960,000$15,200,000$215,840,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.