USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 28, 2001

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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 $45,200,000 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:Wed, Mar 28, 2001
Jackpot:$45,200,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$805,920$254,148$73,742$478,031
2$838,157$266,075$76,691$495,390
3$871,684$278,480$79,759$513,444
4$906,551$291,381$82,949$532,220
5$942,813$304,798$86,267$551,748
6$980,525$318,752$89,718$572,056
7$1,019,747$333,263$93,307$593,176
8$1,060,536$348,356$97,039$615,142
9$1,102,958$364,052$100,921$637,986
10$1,147,076$380,375$104,957$661,743
11$1,192,959$397,352$109,156$686,451
12$1,240,678$415,008$113,522$712,148
13$1,290,305$433,370$118,063$738,872
14$1,341,917$452,466$122,785$766,665
15$1,395,594$472,327$127,697$795,570
16$1,451,417$492,982$132,805$825,631
17$1,509,474$514,463$138,117$856,894
18$1,569,853$536,803$143,642$889,409
19$1,632,647$560,037$149,387$923,223
20$1,697,953$584,200$155,363$958,390
21$1,765,871$609,330$161,577$994,964
22$1,836,506$635,464$168,040$1,033,001
23$1,909,966$662,645$174,762$1,072,559
24$1,986,365$690,912$181,752$1,113,700
25$2,065,819$720,310$189,022$1,156,486
26$2,148,452$750,885$196,583$1,200,984
27$2,234,390$782,682$204,447$1,247,262
28$2,323,766$815,751$212,625$1,295,391
29$2,416,716$850,142$221,130$1,345,445
30$2,513,385$885,910$229,975$1,397,501
Total$45,200,000$15,402,719$4,135,800$25,661,482

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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.