USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 1, 2017

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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 $50,100,000 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:Wed, Nov 1, 2017
Jackpot:$50,100,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,077$234,966$68,998$450,113
2$791,781$248,916$72,448$470,417
3$831,370$263,564$76,070$491,735
4$872,938$278,944$79,874$514,120
5$916,585$295,094$83,868$537,624
6$962,414$312,051$88,061$562,303
7$1,010,535$329,855$92,464$588,216
8$1,061,062$348,550$97,087$615,425
9$1,114,115$368,180$101,942$643,994
10$1,169,821$388,791$107,039$673,991
11$1,228,312$410,433$112,391$705,489
12$1,289,727$433,156$118,010$738,561
13$1,354,214$457,016$123,911$773,287
14$1,421,924$482,069$130,106$809,749
15$1,493,021$508,375$136,611$848,034
16$1,567,672$535,996$143,442$888,234
17$1,646,055$564,998$150,614$930,444
18$1,728,358$595,450$158,145$974,764
19$1,814,776$627,424$166,052$1,021,300
20$1,905,515$660,998$174,355$1,070,162
21$2,000,790$696,250$183,072$1,121,468
22$2,100,830$733,264$192,226$1,175,340
23$2,205,872$772,130$201,837$1,231,905
24$2,316,165$812,938$211,929$1,291,298
25$2,431,973$855,787$222,526$1,353,660
26$2,553,572$900,779$233,652$1,419,141
27$2,681,251$948,020$245,334$1,487,896
28$2,815,313$997,623$257,601$1,560,089
29$2,956,079$1,049,706$270,481$1,635,891
30$3,103,883$1,104,394$284,005$1,715,484
Total$50,100,000$17,215,717$4,584,151$28,300,134

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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.