USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jun 28, 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 $26,300,000 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, Jun 28, 2000
Jackpot:$26,300,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$468,932$132,895$33,529$302,508
2$487,689$139,460$34,870$313,359
3$507,196$146,288$36,265$324,644
4$527,484$153,389$37,715$336,380
5$548,584$160,774$39,224$348,586
6$570,527$168,454$40,793$361,281
7$593,348$176,441$42,424$374,483
8$617,082$184,748$44,121$388,213
9$641,765$193,410$45,886$402,469
10$667,436$202,909$47,722$416,806
11$694,133$212,787$49,631$431,716
12$721,899$223,060$51,616$447,223
13$750,775$233,744$53,680$463,350
14$780,806$244,855$55,828$480,123
15$812,038$256,411$58,061$497,566
16$844,519$268,429$60,383$515,707
17$878,300$280,928$62,798$534,573
18$913,432$293,927$65,310$554,195
19$949,969$307,446$67,923$574,601
20$987,968$321,505$70,640$595,823
21$1,027,487$336,127$73,465$617,894
22$1,068,586$351,334$76,404$640,848
23$1,111,330$367,149$79,460$664,720
24$1,155,783$383,597$82,638$689,548
25$1,202,014$400,703$85,944$715,368
26$1,250,095$418,492$89,382$742,221
27$1,300,099$436,994$92,957$770,148
28$1,352,103$456,235$96,675$799,192
29$1,406,187$476,246$100,542$829,398
30$1,462,434$497,058$104,564$860,812
Total$26,300,000$8,425,795$1,880,450$15,993,755

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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.