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Maine Powerball Jackpot Annuity Payout Schedule for Jan 30, 2010

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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 $92,500,000 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 30, 2010
Jackpot:$92,500,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,649,284$566,192$117,924$965,168
2$1,715,256$590,602$122,641$1,002,013
3$1,783,866$615,988$127,546$1,040,332
4$1,855,220$642,389$132,648$1,080,183
5$1,929,429$669,846$137,954$1,121,629
6$2,006,606$698,402$143,472$1,164,732
7$2,086,871$728,099$149,211$1,209,560
8$2,170,345$758,985$155,180$1,256,181
9$2,257,159$791,106$161,387$1,304,666
10$2,347,446$824,512$167,842$1,355,091
11$2,441,343$859,254$174,556$1,407,533
12$2,538,997$895,386$181,538$1,462,073
13$2,640,557$932,963$188,800$1,518,794
14$2,746,179$972,044$196,352$1,577,784
15$2,856,027$1,012,687$204,206$1,639,134
16$2,970,268$1,054,956$212,374$1,702,937
17$3,089,078$1,098,916$220,869$1,769,293
18$3,212,641$1,144,635$229,704$1,838,303
19$3,341,147$1,192,182$238,892$1,910,073
20$3,474,793$1,241,631$248,448$1,984,715
21$3,613,785$1,293,058$258,386$2,062,342
22$3,758,336$1,346,542$268,721$2,143,073
23$3,908,670$1,402,165$279,470$2,227,035
24$4,065,016$1,460,013$290,649$2,314,354
25$4,227,617$1,520,176$302,275$2,405,167
26$4,396,722$1,582,744$314,366$2,499,612
27$4,572,591$1,647,816$326,940$2,597,835
28$4,755,494$1,715,490$340,018$2,699,986
29$4,945,714$1,785,871$353,619$2,806,224
30$5,143,542$1,859,068$367,763$2,916,711
Total$92,500,000$32,903,718$6,613,751$52,982,533

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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.