USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 9, 2011

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $25,000,000 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 9, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$126,388$31,871$287,493
2$463,583$132,629$33,146$297,808
3$482,126$139,119$34,472$308,535
4$501,411$145,869$35,851$319,691
5$521,467$152,888$37,285$331,294
6$542,326$160,189$38,776$343,361
7$564,019$167,781$40,327$355,910
8$586,580$175,678$41,940$368,962
9$610,043$183,904$43,618$382,521
10$634,445$192,932$45,363$396,150
11$659,823$202,322$47,177$410,323
12$686,215$212,087$49,064$425,064
13$713,664$222,243$51,027$440,394
14$742,211$232,806$53,068$456,337
15$771,899$243,790$55,191$472,918
16$802,775$255,215$57,398$490,162
17$834,886$267,096$59,694$508,096
18$868,281$279,452$62,082$526,747
19$903,013$292,302$64,565$546,145
20$939,133$305,667$67,148$566,318
21$976,699$319,566$69,834$587,298
22$1,015,767$334,021$72,627$609,118
23$1,056,397$349,055$75,532$631,810
24$1,098,653$364,689$78,554$655,410
25$1,142,599$380,949$81,696$679,954
26$1,188,303$397,860$84,964$705,480
27$1,235,835$415,447$88,362$732,026
28$1,285,269$433,737$91,897$759,635
29$1,336,679$452,759$95,573$788,348
30$1,390,147$472,542$99,395$818,209
Total$25,000,000$8,010,982$1,787,497$15,201,517

◄ Back to Jackpot Analysis

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.