USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jan 3, 2009

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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 $91,000,000 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, Jan 3, 2009
Jackpot:$91,000,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,622,539$556,297$148,462$917,780
2$1,687,441$580,310$154,401$952,730
3$1,754,938$605,284$160,577$989,077
4$1,825,136$631,257$167,000$1,026,878
5$1,898,141$658,269$173,680$1,066,192
6$1,974,067$686,362$180,627$1,107,078
7$2,053,029$715,578$187,852$1,149,599
8$2,135,151$745,963$195,366$1,193,821
9$2,220,557$777,563$203,181$1,239,813
10$2,309,379$810,427$211,308$1,287,643
11$2,401,754$844,606$219,761$1,337,387
12$2,497,824$880,152$228,551$1,389,121
13$2,597,737$917,120$237,693$1,442,924
14$2,701,647$955,567$247,201$1,498,880
15$2,809,713$995,551$257,089$1,557,073
16$2,922,101$1,037,135$267,372$1,617,594
17$3,038,985$1,080,382$278,067$1,680,536
18$3,160,545$1,125,359$289,190$1,745,996
19$3,286,966$1,172,135$300,757$1,814,074
20$3,418,445$1,220,782$312,788$1,884,875
21$3,555,183$1,271,375$325,299$1,958,509
22$3,697,390$1,323,992$338,311$2,035,087
23$3,845,286$1,378,713$351,844$2,114,729
24$3,999,097$1,435,623$365,917$2,197,557
25$4,159,061$1,494,810$380,554$2,283,697
26$4,325,423$1,556,364$395,776$2,373,283
27$4,498,440$1,620,380$411,607$2,466,453
28$4,678,378$1,686,957$428,072$2,563,349
29$4,865,513$1,756,197$445,194$2,664,122
30$5,060,134$1,828,207$463,002$2,768,925
Total$91,000,000$32,348,717$8,326,499$50,324,782

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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.