USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$60,046$510,839
2$873,390$281,342$62,447$529,600
3$908,325$294,268$64,945$549,112
4$944,658$307,711$67,543$569,404
5$982,444$321,692$70,245$590,507
6$1,021,742$336,232$73,055$612,455
7$1,062,612$351,354$75,977$635,281
8$1,105,116$367,081$79,016$659,020
9$1,149,321$383,437$82,176$683,708
10$1,195,294$400,447$85,464$709,384
11$1,243,106$418,137$88,882$736,087
12$1,292,830$436,535$92,437$763,858
13$1,344,543$455,669$96,135$792,740
14$1,398,325$475,568$99,980$822,777
15$1,454,258$496,263$103,979$854,015
16$1,512,428$517,786$108,139$886,503
17$1,572,925$540,170$112,464$920,291
18$1,635,842$563,449$116,963$955,430
19$1,701,276$587,660$121,641$991,975
20$1,769,327$612,839$126,507$1,029,981
21$1,840,100$639,025$131,567$1,069,508
22$1,913,704$666,258$136,830$1,110,616
23$1,990,252$694,581$142,303$1,153,368
24$2,069,862$724,037$147,995$1,197,830
25$2,152,657$754,671$153,915$1,244,071
26$2,238,763$786,530$160,072$1,292,161
27$2,328,314$819,664$166,474$1,342,175
28$2,421,446$854,123$173,133$1,394,190
29$2,518,304$889,960$180,059$1,448,285
30$2,619,036$927,231$187,261$1,504,544
Total$47,100,000$16,172,633$3,367,650$27,559,715

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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.