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Maine Powerball Jackpot Annuity Payout Schedule for Sep 12, 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 $82,200,000 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, Sep 12, 2009
Jackpot:$82,200,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,465,634$498,242$134,106$833,287
2$1,524,260$519,933$139,470$864,856
3$1,585,230$542,492$145,049$897,689
4$1,648,639$565,954$150,850$931,835
5$1,714,585$590,354$156,884$967,347
6$1,783,168$615,729$163,160$1,004,279
7$1,854,495$642,120$169,686$1,042,688
8$1,928,675$669,567$176,474$1,082,634
9$2,005,822$698,111$183,533$1,124,178
10$2,086,054$727,797$190,874$1,167,383
11$2,169,497$758,671$198,509$1,212,317
12$2,256,276$790,780$206,449$1,259,048
13$2,346,527$824,172$214,707$1,307,648
14$2,440,389$858,901$223,296$1,358,192
15$2,538,004$895,019$232,227$1,410,758
16$2,639,524$932,581$241,516$1,465,427
17$2,745,105$971,646$251,177$1,522,282
18$2,854,909$1,012,274$261,224$1,581,412
19$2,969,106$1,054,526$271,673$1,642,906
20$3,087,870$1,098,469$282,540$1,706,861
21$3,211,385$1,144,170$293,842$1,773,374
22$3,339,840$1,191,698$305,595$1,842,547
23$3,473,434$1,241,128$317,819$1,914,487
24$3,612,371$1,292,535$330,532$1,989,305
25$3,756,866$1,345,998$343,753$2,067,115
26$3,907,141$1,401,599$357,503$2,148,038
27$4,063,426$1,459,425$371,804$2,232,198
28$4,225,963$1,519,564$386,676$2,319,724
29$4,395,002$1,582,108$402,143$2,410,751
30$4,570,802$1,647,154$418,228$2,505,420
Total$82,200,000$29,092,717$7,521,299$45,585,986

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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.