USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Oct 19, 2011

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The tax information provided here is based on 2024 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 $125,800,000 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, Oct 19, 2011
Jackpot:$125,800,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,243,026$788,108$160,376$1,294,543
2$2,332,748$821,304$166,791$1,344,652
3$2,426,057$855,829$173,463$1,396,765
4$2,523,100$891,735$180,402$1,450,963
5$2,624,024$929,077$187,618$1,507,329
6$2,728,985$967,912$195,122$1,565,950
7$2,838,144$1,008,301$202,927$1,626,916
8$2,951,670$1,050,306$211,044$1,690,320
9$3,069,737$1,093,990$219,486$1,756,260
10$3,192,526$1,139,422$228,266$1,824,838
11$3,320,227$1,186,672$237,396$1,896,159
12$3,453,036$1,235,811$246,892$1,970,333
13$3,591,158$1,286,916$256,768$2,047,474
14$3,734,804$1,340,065$267,038$2,127,700
15$3,884,196$1,395,340$277,720$2,211,136
16$4,039,564$1,452,826$288,829$2,297,909
17$4,201,147$1,512,612$300,382$2,388,153
18$4,369,192$1,574,789$312,397$2,482,006
19$4,543,960$1,639,453$324,893$2,579,614
20$4,725,718$1,706,704$337,889$2,681,126
21$4,914,747$1,776,644$351,404$2,786,699
22$5,111,337$1,849,382$365,461$2,896,494
23$5,315,791$1,925,030$380,079$3,010,681
24$5,528,422$2,003,704$395,282$3,129,436
25$5,749,559$2,085,525$411,093$3,252,941
26$5,979,541$2,170,618$427,537$3,381,386
27$6,218,723$2,259,115$444,639$3,514,969
28$6,467,472$2,351,152$462,424$3,653,895
29$6,726,171$2,446,871$480,921$3,798,379
30$6,995,218$2,546,418$500,158$3,948,641
Total$125,800,000$45,291,631$8,994,697$71,513,667

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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.