USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 4, 1995

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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 $17,800,000 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 4, 1995
Jackpot:$17,800,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$317,376$79,851$29,040$208,485
2$330,071$84,294$30,201$215,575
3$343,274$88,915$31,410$222,949
4$357,005$93,721$32,666$230,618
5$371,285$98,719$33,973$238,593
6$386,136$103,917$35,331$246,888
7$401,582$109,323$36,745$255,514
8$417,645$114,945$38,215$264,485
9$434,351$120,792$39,743$273,816
10$451,725$126,873$41,333$283,519
11$469,794$133,197$42,986$293,611
12$488,585$139,774$44,706$304,106
13$508,129$146,614$46,494$315,021
14$528,454$153,728$48,354$326,372
15$549,592$161,126$50,288$338,178
16$571,576$168,821$52,299$350,456
17$594,439$176,823$54,391$363,225
18$618,216$185,145$56,567$376,505
19$642,945$193,847$58,829$390,269
20$668,663$203,363$61,183$404,118
21$695,409$213,259$63,630$418,521
22$723,226$223,551$66,175$433,500
23$752,155$234,255$68,822$449,078
24$782,241$245,386$71,575$465,280
25$813,531$256,964$74,438$482,129
26$846,072$269,004$77,416$499,652
27$879,915$281,526$80,512$517,877
28$915,111$294,548$83,733$536,830
29$951,716$308,092$87,082$556,542
30$989,784$322,177$90,565$577,042
Total$17,800,000$5,332,550$1,628,702$10,838,754

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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.