USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Aug 28, 2002

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The tax information provided here is based on 2025 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 $55,300,000 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, Aug 28, 2002
Jackpot:$55,300,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$986,004$321,842$70,499$593,663
2$1,025,445$336,435$73,319$615,691
3$1,066,462$351,611$76,252$638,599
4$1,109,121$367,395$79,302$662,424
5$1,153,486$383,810$82,474$687,202
6$1,199,625$400,882$85,773$712,970
7$1,247,610$418,636$89,204$739,770
8$1,297,515$437,101$92,772$767,642
9$1,349,415$456,304$96,483$796,628
10$1,403,392$476,275$100,343$826,774
11$1,459,527$497,045$104,356$858,126
12$1,517,909$518,646$108,530$890,732
13$1,578,625$541,111$112,872$924,642
14$1,641,770$564,475$117,387$959,908
15$1,707,441$588,773$122,082$996,585
16$1,775,738$614,043$126,965$1,034,730
17$1,846,768$640,324$132,044$1,074,400
18$1,920,639$667,657$137,326$1,115,656
19$1,997,464$696,082$142,819$1,158,563
20$2,077,363$725,644$148,531$1,203,187
21$2,160,457$756,389$154,473$1,249,595
22$2,246,876$788,364$160,652$1,297,860
23$2,336,751$821,618$167,078$1,348,055
24$2,430,221$856,202$173,761$1,400,258
25$2,527,429$892,169$180,711$1,454,549
26$2,628,527$929,575$187,940$1,511,012
27$2,733,668$968,477$195,457$1,569,733
28$2,843,014$1,008,936$203,276$1,630,803
29$2,956,735$1,051,012$211,407$1,694,316
30$3,075,004$1,094,772$219,863$1,760,370
Total$55,300,000$19,171,605$3,953,951$32,174,443

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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.