USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 13, 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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$187,812$44,747$393,277
2$650,870$196,779$46,537$407,554
3$676,905$206,412$48,399$422,094
4$703,981$216,430$50,335$437,216
5$732,140$226,849$52,348$452,943
6$761,426$237,685$54,442$469,299
7$791,883$248,954$56,620$486,309
8$823,558$260,674$58,884$504,000
9$856,500$272,862$61,240$522,398
10$890,760$285,539$63,689$541,532
11$926,391$298,722$66,237$561,432
12$963,447$312,432$68,886$582,128
13$1,001,984$326,691$71,642$603,651
14$1,042,064$341,521$74,508$626,035
15$1,083,746$356,943$77,488$649,315
16$1,127,096$372,983$80,587$673,526
17$1,172,180$389,664$83,811$698,705
18$1,219,067$407,012$87,163$724,892
19$1,267,830$425,054$90,650$752,126
20$1,318,543$443,818$94,276$780,449
21$1,371,285$463,333$98,047$809,905
22$1,426,136$483,628$101,969$840,540
23$1,483,182$504,734$106,047$872,400
24$1,542,509$526,686$110,289$905,534
25$1,604,209$549,515$114,701$939,994
26$1,668,378$573,257$119,289$975,832
27$1,735,113$597,949$124,061$1,013,103
28$1,804,517$623,629$129,023$1,051,866
29$1,876,698$650,335$134,184$1,092,179
30$1,951,766$678,111$139,551$1,134,104
Total$35,100,000$11,666,013$2,509,650$20,924,338

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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.