USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 25, 2011

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The tax information provided here is based on 2025 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 $144,200,000 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 25, 2011
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,571,100$908,327$183,834$1,478,939
2$2,673,944$946,380$191,187$1,536,378
3$2,780,902$985,954$198,834$1,596,114
4$2,892,138$1,027,111$206,788$1,658,239
5$3,007,824$1,069,915$215,059$1,722,849
6$3,128,137$1,114,431$223,662$1,790,044
7$3,253,262$1,160,727$232,608$1,859,927
8$3,383,393$1,208,876$241,913$1,932,605
9$3,518,728$1,258,950$251,589$2,008,189
10$3,659,477$1,311,027$261,653$2,086,798
11$3,805,857$1,365,187$272,119$2,168,551
12$3,958,091$1,421,514$283,003$2,253,573
13$4,116,414$1,480,094$294,324$2,341,997
14$4,281,071$1,541,017$306,097$2,433,958
15$4,452,314$1,604,376$318,340$2,529,597
16$4,630,406$1,670,271$331,074$2,629,062
17$4,815,623$1,738,801$344,317$2,732,505
18$5,008,248$1,810,072$358,090$2,840,086
19$5,208,577$1,884,194$372,413$2,951,970
20$5,416,921$1,961,281$387,310$3,068,330
21$5,633,597$2,041,451$402,802$3,189,344
22$5,858,941$2,124,829$418,914$3,315,198
23$6,093,299$2,211,541$435,671$3,446,087
24$6,337,031$2,301,722$453,098$3,582,211
25$6,590,512$2,395,510$471,222$3,723,781
26$6,854,133$2,493,049$490,070$3,871,013
27$7,128,298$2,594,490$509,673$4,024,134
28$7,413,430$2,699,989$530,060$4,183,380
29$7,709,967$2,809,708$551,263$4,348,996
30$8,018,366$2,923,816$573,313$4,521,237
Total$144,200,000$52,064,610$10,310,300$81,825,092

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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.