USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 19, 1994

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The tax information provided here is based on 2026 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 Powerball 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 $46,500,000 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:Sat, Nov 19, 1994
Jackpot:$46,500,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$829,100$262,724$59,281$507,095
2$862,264$274,995$61,652$525,617
3$896,754$287,756$64,118$544,880
4$932,624$301,028$66,683$564,913
5$969,929$314,831$69,350$585,748
6$1,008,726$329,186$72,124$607,416
7$1,049,076$344,115$75,009$629,951
8$1,091,039$359,642$78,009$653,388
9$1,134,680$375,789$81,130$677,762
10$1,180,067$392,582$84,375$703,110
11$1,227,270$410,047$87,750$729,473
12$1,276,361$428,211$91,260$756,890
13$1,327,415$447,101$94,910$785,404
14$1,380,512$466,747$98,707$815,059
15$1,435,732$487,178$102,655$845,899
16$1,493,162$508,427$106,761$877,973
17$1,552,888$530,526$111,031$911,331
18$1,615,004$553,509$115,473$946,022
19$1,679,604$577,411$120,092$982,101
20$1,746,788$602,269$124,895$1,019,624
21$1,816,659$628,121$129,891$1,058,647
22$1,889,326$655,008$135,087$1,099,231
23$1,964,899$682,970$140,490$1,141,439
24$2,043,495$712,050$146,110$1,185,335
25$2,125,234$742,294$151,954$1,230,986
26$2,210,244$773,747$158,032$1,278,464
27$2,298,654$806,459$164,354$1,327,841
28$2,390,600$840,479$170,928$1,379,193
29$2,486,224$875,860$177,765$1,432,599
30$2,585,673$912,656$184,876$1,488,141
Total$46,500,000$15,883,718$3,324,752$27,291,532

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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.