USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 29, 2000

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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 $33,700,000 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:Wed, Mar 29, 2000
Jackpot:$33,700,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$600,874$179,075$54,980$366,819
2$624,909$187,488$57,179$380,243
3$649,906$196,422$59,466$394,017
4$675,902$206,041$61,845$408,016
5$702,938$216,044$64,319$422,575
6$731,056$226,448$66,892$437,716
7$760,298$237,267$69,567$453,463
8$790,710$248,520$72,350$469,840
9$822,338$260,222$75,244$486,872
10$855,232$272,393$78,254$504,585
11$889,441$285,050$81,384$523,007
12$925,018$298,214$84,639$542,165
13$962,019$311,904$88,025$562,090
14$1,000,500$326,142$91,546$582,812
15$1,040,520$340,950$95,208$604,363
16$1,082,141$356,349$99,016$626,776
17$1,125,426$372,365$102,977$650,085
18$1,170,443$389,021$107,096$674,327
19$1,217,261$406,344$111,379$699,538
20$1,265,952$424,359$115,835$725,758
21$1,316,590$443,095$120,468$753,026
22$1,369,253$462,581$125,287$781,386
23$1,424,023$482,846$130,298$810,879
24$1,480,984$503,921$135,510$841,553
25$1,540,224$525,840$140,930$873,453
26$1,601,833$548,635$146,568$906,630
27$1,665,906$572,342$152,430$941,133
28$1,732,542$596,998$158,528$977,017
29$1,801,844$622,639$164,869$1,014,336
30$1,873,918$649,307$171,463$1,053,147
Total$33,700,000$11,148,822$3,083,552$19,467,627

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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.