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Maine Powerball Jackpot Annuity Payout Schedule for Apr 17, 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 $212,700,000 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, Apr 17, 2010
Jackpot:$212,700,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,792,462$1,359,168$347,010$2,086,284
2$3,944,161$1,415,297$360,891$2,167,973
3$4,101,927$1,473,670$375,326$2,252,930
4$4,266,004$1,534,379$390,339$2,341,286
5$4,436,644$1,597,516$405,953$2,433,176
6$4,614,110$1,663,178$422,191$2,528,741
7$4,798,674$1,731,467$439,079$2,628,129
8$4,990,621$1,802,487$456,642$2,731,492
9$5,190,246$1,876,348$474,908$2,838,990
10$5,397,856$1,953,164$493,904$2,950,788
11$5,613,770$2,033,052$513,660$3,067,058
12$5,838,321$2,116,136$534,206$3,187,979
13$6,071,854$2,202,543$555,575$3,313,736
14$6,314,728$2,292,407$577,798$3,444,524
15$6,567,317$2,385,865$600,910$3,580,543
16$6,830,010$2,483,061$624,946$3,722,003
17$7,103,210$2,584,145$649,944$3,869,122
18$7,387,339$2,689,273$675,941$4,022,125
19$7,682,832$2,798,605$702,979$4,181,248
20$7,990,146$2,912,311$731,098$4,346,736
21$8,309,751$3,030,565$760,342$4,518,844
22$8,642,142$3,153,550$790,756$4,697,836
23$8,987,827$3,281,453$822,386$4,883,988
24$9,347,340$3,414,473$855,282$5,077,585
25$9,721,234$3,552,814$889,493$5,278,927
26$10,110,083$3,696,688$925,073$5,488,323
27$10,514,487$3,846,317$962,076$5,706,094
28$10,935,066$4,001,932$1,000,559$5,932,576
29$11,372,469$4,163,771$1,040,581$6,168,117
30$11,827,367$4,332,083$1,082,204$6,413,080
Total$212,700,000$77,377,718$19,462,052$115,860,233

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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.