USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 11, 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 $65,200,000 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, May 11, 2011
Jackpot:$65,200,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,162,522$388,321$83,120$691,081
2$1,209,023$405,526$86,445$717,052
3$1,257,384$423,420$89,903$744,061
4$1,307,680$442,029$93,499$772,151
5$1,359,987$461,383$97,239$801,365
6$1,414,386$481,511$101,129$831,747
7$1,470,962$502,444$105,174$863,344
8$1,529,800$524,214$109,381$896,206
9$1,590,992$546,855$113,756$930,381
10$1,654,632$570,402$118,306$965,924
11$1,720,817$594,890$123,038$1,002,889
12$1,789,650$620,358$127,960$1,041,332
13$1,861,236$646,845$133,078$1,081,313
14$1,935,685$674,391$138,402$1,122,893
15$2,013,113$703,039$143,938$1,166,136
16$2,093,637$732,834$149,695$1,211,109
17$2,177,383$763,819$155,683$1,257,881
18$2,264,478$796,045$161,910$1,306,523
19$2,355,057$829,559$168,387$1,357,112
20$2,449,259$864,414$175,122$1,409,724
21$2,547,230$900,663$182,127$1,464,440
22$2,649,119$938,362$189,412$1,521,345
23$2,755,084$977,569$196,988$1,580,527
24$2,865,287$1,018,344$204,868$1,642,075
25$2,979,899$1,060,750$213,063$1,706,086
26$3,099,095$1,104,853$221,585$1,772,657
27$3,223,058$1,150,719$230,449$1,841,890
28$3,351,981$1,198,421$239,667$1,913,893
29$3,486,060$1,248,030$249,253$1,988,777
30$3,625,502$1,299,624$259,223$2,066,655
Total$65,200,000$22,869,634$4,661,800$37,668,569

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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.