USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 13, 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 $131,100,000 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 13, 2009
Jackpot:$131,100,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,337,526$820,842$213,884$1,302,800
2$2,431,027$855,437$222,439$1,353,151
3$2,528,268$891,416$231,337$1,405,515
4$2,629,399$928,835$240,590$1,459,974
5$2,734,575$967,750$250,214$1,516,611
6$2,843,958$1,008,222$260,222$1,575,514
7$2,957,716$1,050,312$270,631$1,636,773
8$3,076,025$1,094,086$281,456$1,700,482
9$3,199,066$1,139,612$292,715$1,766,740
10$3,327,028$1,186,958$304,423$1,835,648
11$3,460,109$1,236,198$316,600$1,907,312
12$3,598,514$1,287,407$329,264$1,981,842
13$3,742,454$1,340,665$342,435$2,059,354
14$3,892,153$1,396,054$356,132$2,139,967
15$4,047,839$1,453,658$370,377$2,223,804
16$4,209,752$1,513,566$385,192$2,310,994
17$4,378,142$1,575,870$400,600$2,401,672
18$4,553,268$1,640,666$416,624$2,495,978
19$4,735,399$1,708,055$433,289$2,594,055
20$4,924,815$1,778,139$450,621$2,696,055
21$5,121,807$1,851,026$468,645$2,802,136
22$5,326,680$1,926,829$487,391$2,912,460
23$5,539,747$2,005,664$506,887$3,027,196
24$5,761,337$2,087,652$527,162$3,146,523
25$5,991,790$2,172,920$548,249$3,270,622
26$6,231,462$2,261,598$570,179$3,399,685
27$6,480,720$2,353,824$592,986$3,533,911
28$6,739,949$2,449,738$616,705$3,673,505
29$7,009,547$2,549,490$641,374$3,818,684
30$7,289,929$2,653,231$667,028$3,969,669
Total$131,100,000$47,185,720$11,995,651$71,918,632

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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.