USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Sep 20, 1997

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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 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 $19,200,000 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, Sep 20, 1997
Jackpot:$19,200,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$342,338$90,193$24,477$227,668
2$356,031$94,986$25,456$235,589
3$370,273$99,970$26,474$243,828
4$385,084$105,154$27,533$252,396
5$400,487$110,545$28,635$261,307
6$416,506$116,152$29,780$270,574
7$433,167$121,983$30,971$280,212
8$450,493$128,047$32,210$290,236
9$468,513$134,354$33,499$300,660
10$487,254$140,914$34,839$311,501
11$506,744$147,735$36,232$322,776
12$527,013$154,829$37,681$334,503
13$548,094$162,208$39,189$346,698
14$570,018$169,881$40,756$359,381
15$592,818$177,861$42,387$372,571
16$616,531$186,304$44,082$386,145
17$641,192$195,429$45,845$399,918
18$666,840$204,919$47,679$414,242
19$693,514$214,788$49,586$429,140
20$721,254$225,052$51,570$444,633
21$750,105$235,726$53,632$460,746
22$780,109$246,828$55,778$477,503
23$811,313$258,374$58,009$494,931
24$843,766$270,381$60,329$513,055
25$877,516$282,869$62,742$531,905
26$912,617$295,856$65,252$551,509
27$949,121$309,363$67,862$571,897
28$987,086$323,410$70,577$593,100
29$1,026,570$338,019$73,400$615,151
30$1,067,633$353,212$76,336$638,085
Total$19,200,000$5,895,342$1,372,798$11,931,860

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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.