USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$142,783$1,158,288
2$2,076,850$725,455$148,495$1,202,900
3$2,159,924$756,192$154,435$1,249,297
4$2,246,321$788,159$160,612$1,297,550
5$2,336,174$821,405$167,036$1,347,733
6$2,429,621$855,980$173,718$1,399,923
7$2,526,806$891,938$180,667$1,454,201
8$2,627,878$929,335$187,893$1,510,649
9$2,732,993$968,228$195,409$1,569,356
10$2,842,313$1,008,676$203,225$1,630,411
11$2,956,005$1,050,742$211,354$1,693,909
12$3,074,245$1,094,491$219,809$1,759,946
13$3,197,215$1,139,990$228,601$1,828,624
14$3,325,104$1,187,309$237,745$1,900,050
15$3,458,108$1,236,520$247,255$1,974,333
16$3,596,432$1,287,700$257,145$2,051,587
17$3,740,289$1,340,927$267,431$2,131,931
18$3,889,901$1,396,284$278,128$2,215,489
19$4,045,497$1,453,854$289,253$2,302,390
20$4,207,317$1,513,728$300,823$2,392,766
21$4,375,610$1,575,996$312,856$2,486,758
22$4,550,634$1,640,755$325,370$2,584,509
23$4,732,659$1,708,104$338,385$2,686,170
24$4,921,966$1,778,148$351,921$2,791,898
25$5,118,844$1,850,993$365,997$2,901,854
26$5,323,598$1,926,752$380,637$3,016,209
27$5,536,542$2,005,541$395,863$3,135,138
28$5,758,004$2,087,482$411,697$3,258,825
29$5,988,324$2,172,700$428,165$3,387,459
30$6,227,857$2,261,327$445,292$3,521,238
Total$112,000,000$40,150,611$8,008,000$63,841,391

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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.