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Maine Powerball Jackpot Annuity Payout Schedule for May 18, 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 $98,900,000 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:Wed, May 18, 2011
Jackpot:$98,900,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,763,397$610,645$126,083$1,026,669
2$1,833,933$636,743$131,126$1,066,064
3$1,907,290$663,885$136,371$1,107,034
4$1,983,582$692,113$141,826$1,149,643
5$2,062,925$721,470$147,499$1,193,956
6$2,145,442$752,001$153,399$1,240,042
7$2,231,260$783,754$159,535$1,287,971
8$2,320,510$816,776$165,916$1,337,817
9$2,413,330$851,120$172,553$1,389,657
10$2,509,864$886,837$179,455$1,443,571
11$2,610,258$923,983$186,633$1,499,641
12$2,714,668$962,615$194,099$1,557,955
13$2,823,255$1,002,792$201,863$1,618,600
14$2,936,185$1,044,576$209,937$1,681,672
15$3,053,633$1,088,032$218,335$1,747,266
16$3,175,778$1,133,226$227,068$1,815,484
17$3,302,809$1,180,227$236,151$1,886,431
18$3,434,922$1,229,109$245,597$1,960,216
19$3,572,318$1,279,946$255,421$2,036,952
20$3,715,211$1,332,816$265,638$2,116,758
21$3,863,820$1,387,801$276,263$2,199,755
22$4,018,372$1,444,986$287,314$2,286,073
23$4,179,107$1,504,457$298,806$2,375,844
24$4,346,272$1,566,308$310,758$2,469,205
25$4,520,122$1,630,633$323,189$2,566,301
26$4,700,927$1,697,531$336,116$2,667,280
27$4,888,964$1,767,105$349,561$2,772,299
28$5,084,523$1,839,461$363,543$2,881,518
29$5,287,904$1,914,712$378,085$2,995,107
30$5,499,420$1,992,973$393,209$3,113,238
Total$98,900,000$35,338,633$7,071,349$56,490,019

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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.