USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 25, 2005

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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 $182,100,000 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:Wed, May 25, 2005
Jackpot:$182,100,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,246,861$1,157,296$232,151$1,857,415
2$3,376,735$1,205,349$241,437$1,929,950
3$3,511,805$1,255,325$251,094$2,005,386
4$3,652,277$1,307,300$261,138$2,083,840
5$3,798,368$1,361,353$271,583$2,165,431
6$3,950,303$1,417,569$282,447$2,250,287
7$4,108,315$1,476,034$293,745$2,338,537
8$4,272,648$1,536,837$305,494$2,430,316
9$4,443,554$1,600,072$317,714$2,525,767
10$4,621,296$1,665,837$330,423$2,625,036
11$4,806,148$1,734,232$343,640$2,728,276
12$4,998,393$1,805,363$357,385$2,835,645
13$5,198,329$1,879,339$371,681$2,947,310
14$5,406,262$1,956,274$386,548$3,063,440
15$5,622,513$2,036,287$402,010$3,184,216
16$5,847,413$2,119,500$418,090$3,309,823
17$6,081,310$2,206,042$434,814$3,440,454
18$6,324,562$2,296,045$452,206$3,576,311
19$6,577,545$2,389,649$470,294$3,717,601
20$6,840,647$2,486,996$489,106$3,864,544
21$7,114,272$2,588,238$508,670$4,017,364
22$7,398,843$2,693,529$529,017$4,176,297
23$7,694,797$2,803,032$550,178$4,341,587
24$8,002,589$2,916,915$572,185$4,513,489
25$8,322,692$3,035,353$595,073$4,692,266
26$8,655,600$3,158,529$618,875$4,878,195
27$9,001,824$3,286,632$643,630$5,071,562
28$9,361,897$3,419,859$669,376$5,272,662
29$9,736,373$3,558,415$696,151$5,481,807
30$10,125,828$3,702,514$723,997$5,699,318
Total$182,100,000$66,055,715$13,020,152$103,024,132

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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.