USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$842,864$170,958$1,377,195
2$2,486,657$878,251$177,796$1,430,610
3$2,586,123$915,053$184,908$1,486,162
4$2,689,568$953,328$192,304$1,543,936
5$2,797,151$993,134$199,996$1,604,021
6$2,909,037$1,034,531$207,996$1,666,509
7$3,025,398$1,077,585$216,316$1,731,497
8$3,146,414$1,122,361$224,969$1,799,085
9$3,272,271$1,168,928$233,967$1,869,376
10$3,403,162$1,217,358$243,326$1,942,478
11$3,539,288$1,267,724$253,059$2,018,505
12$3,680,860$1,320,106$263,181$2,097,572
13$3,828,094$1,374,583$273,709$2,179,803
14$3,981,218$1,431,238$284,657$2,265,322
15$4,140,467$1,490,160$296,043$2,354,263
16$4,306,085$1,551,439$307,885$2,446,761
17$4,478,329$1,615,169$320,201$2,542,959
18$4,657,462$1,681,449$333,009$2,643,005
19$4,843,760$1,750,379$346,329$2,747,052
20$5,037,511$1,822,067$360,182$2,855,262
21$5,239,011$1,896,622$374,589$2,967,800
22$5,448,572$1,974,159$389,573$3,084,839
23$5,666,514$2,054,798$405,156$3,206,561
24$5,893,175$2,138,663$421,362$3,333,151
25$6,128,902$2,225,881$438,216$3,464,804
26$6,374,058$2,316,589$455,745$3,601,724
27$6,629,020$2,410,925$473,975$3,744,120
28$6,894,181$2,509,035$492,934$3,892,212
29$7,169,948$2,611,069$512,651$4,046,228
30$7,456,746$2,717,184$533,157$4,206,405
Total$134,100,000$48,362,632$9,588,149$76,149,217

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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.