USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 13, 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 $211,700,000 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, Mar 13, 2010
Jackpot:$211,700,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,774,632$1,352,571$269,886$2,152,175
2$3,925,617$1,408,436$280,682$2,236,500
3$4,082,642$1,466,535$291,909$2,324,198
4$4,245,948$1,526,958$303,585$2,415,405
5$4,415,786$1,589,798$315,729$2,510,259
6$4,592,417$1,655,152$328,358$2,608,908
7$4,776,114$1,723,119$341,492$2,711,502
8$4,967,158$1,793,806$355,152$2,818,201
9$5,165,845$1,867,320$369,358$2,929,167
10$5,372,478$1,943,774$384,132$3,044,572
11$5,587,377$2,023,287$399,497$3,164,593
12$5,810,873$2,105,980$415,477$3,289,415
13$6,043,307$2,191,981$432,096$3,419,230
14$6,285,040$2,281,422$449,380$3,554,237
15$6,536,441$2,374,441$467,356$3,694,645
16$6,797,899$2,471,180$486,050$3,840,669
17$7,069,815$2,571,789$505,492$3,992,534
18$7,352,608$2,676,422$525,711$4,150,474
19$7,646,712$2,785,241$546,740$4,314,731
20$7,952,580$2,898,412$568,609$4,485,559
21$8,270,684$3,016,110$591,354$4,663,219
22$8,601,511$3,138,516$615,008$4,847,987
23$8,945,571$3,265,819$639,608$5,040,144
24$9,303,394$3,398,213$665,193$5,239,988
25$9,675,530$3,535,903$691,800$5,447,826
26$10,062,551$3,679,101$719,472$5,663,978
27$10,465,053$3,828,027$748,251$5,888,775
28$10,883,655$3,982,910$778,181$6,122,564
29$11,319,001$4,143,988$809,309$6,365,705
30$11,771,762$4,311,509$841,681$6,618,572
Total$211,700,000$77,007,720$15,136,548$119,555,732

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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.