USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 13, 2013

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The tax information provided here is based on 2026 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 $183,000,000 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, Mar 13, 2013
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,262,908$1,163,233$233,298$1,866,377
2$3,393,424$1,211,524$242,630$1,939,270
3$3,529,161$1,261,747$252,335$2,015,079
4$3,670,328$1,313,979$262,428$2,093,921
5$3,817,141$1,368,299$272,926$2,175,916
6$3,969,827$1,424,793$283,843$2,261,191
7$4,128,620$1,483,547$295,196$2,349,877
8$4,293,765$1,544,650$307,004$2,442,110
9$4,465,515$1,608,198$319,284$2,538,033
10$4,644,136$1,674,287$332,056$2,637,793
11$4,829,901$1,743,021$345,338$2,741,543
12$5,023,097$1,814,503$359,151$2,849,443
13$5,224,021$1,888,845$373,518$2,961,659
14$5,432,982$1,966,161$388,458$3,078,363
15$5,650,301$2,046,569$403,997$3,199,736
16$5,876,313$2,130,193$420,156$3,325,964
17$6,111,366$2,217,163$436,963$3,457,241
18$6,355,820$2,307,611$454,441$3,593,768
19$6,610,053$2,401,677$472,619$3,735,757
20$6,874,455$2,499,506$491,524$3,883,426
21$7,149,434$2,601,248$511,184$4,037,001
22$7,435,411$2,707,059$531,632$4,196,720
23$7,732,827$2,817,103$552,897$4,362,827
24$8,042,140$2,931,549$575,013$4,535,578
25$8,363,826$3,050,573$598,014$4,715,240
26$8,698,379$3,174,358$621,934$4,902,087
27$9,046,314$3,303,094$646,811$5,096,409
28$9,408,167$3,436,979$672,684$5,298,504
29$9,784,493$3,576,220$699,591$5,508,682
30$10,175,873$3,721,030$727,575$5,727,268
Total$183,000,000$66,388,719$13,084,500$103,526,783

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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.