USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 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 $59,900,000 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, Nov 19, 2011
Jackpot:$59,900,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,023$353,356$76,364$638,303
2$1,110,744$369,163$79,418$662,163
3$1,155,174$385,602$82,595$686,977
4$1,201,381$402,699$85,899$712,783
5$1,249,436$420,479$89,335$739,622
6$1,299,413$438,971$92,908$767,535
7$1,351,390$458,202$96,624$796,563
8$1,405,445$478,203$100,489$826,753
9$1,461,663$499,003$104,509$858,151
10$1,520,130$520,636$108,689$890,805
11$1,580,935$543,134$113,037$924,764
12$1,644,172$566,531$117,558$960,082
13$1,709,939$590,865$122,261$996,813
14$1,778,337$616,172$127,151$1,035,013
15$1,849,470$642,492$132,237$1,074,741
16$1,923,449$669,864$137,527$1,116,059
17$2,000,387$698,331$143,028$1,159,028
18$2,080,402$727,937$148,749$1,203,717
19$2,163,619$758,727$154,699$1,250,193
20$2,250,163$790,748$160,887$1,298,528
21$2,340,170$824,051$167,322$1,348,797
22$2,433,777$858,685$174,015$1,401,076
23$2,531,128$894,705$180,976$1,455,447
24$2,632,373$932,166$188,215$1,511,992
25$2,737,668$971,125$195,743$1,570,800
26$2,847,174$1,011,642$203,573$1,631,959
27$2,961,061$1,053,780$211,716$1,695,565
28$3,079,504$1,097,604$220,185$1,761,715
29$3,202,684$1,143,181$228,992$1,830,511
30$3,330,791$1,190,581$238,152$1,902,059
Total$59,900,000$20,908,635$4,282,853$34,708,514

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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.