USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Apr 18, 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 $32,100,000 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:Sat, Apr 18, 2009
Jackpot:$32,100,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$572,346$169,090$52,370$350,886
2$595,240$177,103$54,464$363,672
3$619,050$185,437$56,643$376,970
4$643,812$194,168$58,909$390,735
5$669,564$203,696$61,265$404,603
6$696,347$213,606$63,716$419,025
7$724,201$223,911$66,264$434,025
8$753,169$234,630$68,915$449,624
9$783,295$245,777$71,672$465,847
10$814,627$257,369$74,538$482,719
11$847,212$269,426$77,520$500,267
12$881,101$281,964$80,621$518,515
13$916,345$295,005$83,846$537,494
14$952,998$308,567$87,199$557,232
15$991,118$322,671$90,687$577,760
16$1,030,763$337,340$94,315$599,109
17$1,071,994$352,595$98,087$621,311
18$1,114,873$368,460$102,011$644,402
19$1,159,468$384,961$106,091$668,416
20$1,205,847$402,121$110,335$693,391
21$1,254,081$419,967$114,748$719,365
22$1,304,244$438,528$119,338$746,378
23$1,356,414$457,830$124,112$774,472
24$1,410,671$477,905$129,076$803,689
25$1,467,097$498,783$134,239$834,075
26$1,525,781$520,496$139,609$865,676
27$1,586,812$543,078$145,193$898,541
28$1,650,285$566,563$151,001$932,721
29$1,716,296$590,987$157,041$968,268
30$1,784,948$616,388$163,323$1,005,237
Total$32,100,000$10,558,422$2,937,148$18,604,425

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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.