USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Feb 26, 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 $182,100,000 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:Sat, Feb 26, 2011
Jackpot:$182,100,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,246,861$1,159,526$232,151$1,855,184
2$3,376,735$1,207,580$241,437$1,927,719
3$3,511,805$1,257,556$251,094$2,003,155
4$3,652,277$1,309,530$261,138$2,081,609
5$3,798,368$1,363,584$271,583$2,163,201
6$3,950,303$1,419,800$282,447$2,248,056
7$4,108,315$1,478,264$293,745$2,336,306
8$4,272,648$1,539,067$305,494$2,428,086
9$4,443,554$1,602,303$317,714$2,523,537
10$4,621,296$1,668,067$330,423$2,622,806
11$4,806,148$1,736,462$343,640$2,726,046
12$4,998,393$1,807,593$357,385$2,833,415
13$5,198,329$1,881,570$371,681$2,945,079
14$5,406,262$1,958,505$386,548$3,061,210
15$5,622,513$2,038,517$402,010$3,181,986
16$5,847,413$2,121,731$418,090$3,307,593
17$6,081,310$2,208,272$434,814$3,438,224
18$6,324,562$2,298,276$452,206$3,574,080
19$6,577,545$2,391,879$470,294$3,715,371
20$6,840,647$2,489,227$489,106$3,862,313
21$7,114,272$2,590,469$508,670$4,015,133
22$7,398,843$2,695,760$529,017$4,174,066
23$7,694,797$2,805,263$550,178$4,339,356
24$8,002,589$2,919,146$572,185$4,511,258
25$8,322,692$3,037,584$595,073$4,690,036
26$8,655,600$3,160,760$618,875$4,875,965
27$9,001,824$3,288,863$643,630$5,069,331
28$9,361,897$3,422,090$669,376$5,270,432
29$9,736,373$3,560,646$696,151$5,479,577
30$10,125,828$3,704,744$723,997$5,697,087
Total$182,100,000$66,122,634$13,020,152$102,957,217

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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.