USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Apr 25, 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 $54,200,000 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 25, 2009
Jackpot:$54,200,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$966,391$313,522$88,425$564,445
2$1,005,047$327,825$91,962$585,261
3$1,045,249$342,699$95,640$606,909
4$1,087,059$358,169$99,466$629,424
5$1,130,541$374,258$103,445$652,839
6$1,175,763$390,990$107,582$677,191
7$1,222,793$408,391$111,886$702,517
8$1,271,705$426,488$116,361$728,856
9$1,322,573$445,309$121,015$756,248
10$1,375,476$464,883$125,856$784,737
11$1,430,495$485,241$130,890$814,364
12$1,487,715$506,412$136,126$845,177
13$1,547,224$528,430$141,571$877,223
14$1,609,113$551,329$147,234$910,550
15$1,673,477$575,144$153,123$945,210
16$1,740,416$599,911$159,248$981,257
17$1,810,033$625,669$165,618$1,018,745
18$1,882,434$652,458$172,243$1,057,734
19$1,957,732$680,318$179,132$1,098,281
20$2,036,041$709,292$186,298$1,140,451
21$2,117,483$739,426$193,750$1,184,307
22$2,202,182$770,765$201,500$1,229,918
23$2,290,269$803,357$209,560$1,277,353
24$2,381,880$837,253$217,942$1,326,685
25$2,477,155$872,505$226,660$1,377,991
26$2,576,241$909,167$235,726$1,431,349
27$2,679,291$947,295$245,155$1,486,841
28$2,786,463$986,948$254,961$1,544,553
29$2,897,921$1,028,188$265,160$1,604,573
30$3,013,838$1,071,077$275,766$1,666,994
Total$54,200,000$18,732,719$4,959,301$30,507,983

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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.