USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 15, 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 $363,900,000 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 15, 2013
Jackpot:$363,900,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,488,373$2,356,655$593,686$3,538,032
2$6,747,908$2,452,683$617,434$3,677,791
3$7,017,824$2,552,552$642,131$3,823,141
4$7,298,537$2,656,416$667,816$3,974,305
5$7,590,479$2,764,434$694,529$4,131,516
6$7,894,098$2,876,773$722,310$4,295,014
7$8,209,862$2,993,606$751,202$4,465,053
8$8,538,256$3,115,112$781,250$4,641,894
9$8,879,787$3,241,478$812,500$4,825,808
10$9,234,978$3,372,899$845,000$5,017,078
11$9,604,377$3,509,577$878,801$5,216,000
12$9,988,552$3,651,722$913,953$5,422,878
13$10,388,094$3,799,552$950,511$5,638,032
14$10,803,618$3,953,296$988,531$5,861,791
15$11,235,763$4,113,189$1,028,072$6,094,501
16$11,685,193$4,279,479$1,069,195$6,336,519
17$12,152,601$4,452,420$1,111,963$6,588,218
18$12,638,705$4,632,278$1,156,442$6,849,985
19$13,144,253$4,819,331$1,202,699$7,122,223
20$13,670,023$5,013,866$1,250,807$7,405,350
21$14,216,824$5,216,182$1,300,839$7,699,803
22$14,785,497$5,426,591$1,352,873$8,006,033
23$15,376,917$5,645,417$1,406,988$8,324,513
24$15,991,994$5,872,995$1,463,267$8,655,732
25$16,631,674$6,109,677$1,521,798$9,000,199
26$17,296,941$6,355,825$1,582,670$9,358,445
27$17,988,818$6,611,820$1,645,977$9,731,021
28$18,708,371$6,878,055$1,711,816$10,118,501
29$19,456,706$7,154,938$1,780,289$10,521,479
30$20,234,974$7,442,898$1,851,500$10,940,576
Total$363,900,000$133,321,716$33,296,849$197,281,431

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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.