USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 14, 2015

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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 $136,000,000 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:Sat, Mar 14, 2015
Jackpot:$136,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,424,893$853,168$173,380$1,398,346
2$2,521,889$889,056$180,315$1,452,518
3$2,622,765$926,380$187,528$1,508,857
4$2,727,675$965,197$195,029$1,567,449
5$2,836,782$1,005,567$202,830$1,628,386
6$2,950,254$1,047,551$210,943$1,691,759
7$3,068,264$1,091,215$219,381$1,757,668
8$3,190,994$1,136,625$228,156$1,826,213
9$3,318,634$1,183,852$237,282$1,897,500
10$3,451,380$1,232,968$246,774$1,971,638
11$3,589,435$1,284,048$256,645$2,048,742
12$3,733,012$1,337,172$266,910$2,128,930
13$3,882,333$1,392,420$277,587$2,212,326
14$4,037,626$1,449,879$288,690$2,299,057
15$4,199,131$1,509,636$300,238$2,389,257
16$4,367,096$1,571,783$312,247$2,483,066
17$4,541,780$1,636,416$324,737$2,580,627
18$4,723,451$1,703,634$337,727$2,682,090
19$4,912,389$1,773,541$351,236$2,787,612
20$5,108,885$1,846,245$365,285$2,897,355
21$5,313,240$1,921,856$379,897$3,011,487
22$5,525,770$2,000,492$395,093$3,130,185
23$5,746,801$2,082,273$410,896$3,253,631
24$5,976,673$2,167,326$427,332$3,382,014
25$6,215,740$2,255,781$444,425$3,515,533
26$6,464,369$2,347,774$462,202$3,654,393
27$6,722,944$2,443,446$480,690$3,798,807
28$6,991,862$2,542,946$499,918$3,948,997
29$7,271,536$2,646,426$519,915$4,105,196
30$7,562,398$2,754,044$540,711$4,267,642
Total$136,000,000$48,998,717$9,723,999$77,277,281

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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.