USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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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 $447,800,000 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, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,452,000$481,912$3,806,120
2$7,077,034$2,576,690$506,008$3,994,336
3$7,430,886$2,707,616$531,308$4,191,962
4$7,802,430$2,845,087$557,874$4,399,470
5$8,192,552$2,989,432$585,767$4,617,352
6$8,602,179$3,140,994$615,056$4,846,129
7$9,032,289$3,300,135$645,809$5,086,345
8$9,483,903$3,467,232$678,099$5,338,572
9$9,958,098$3,642,684$712,004$5,603,410
10$10,456,003$3,826,909$747,604$5,881,490
11$10,978,803$4,020,345$784,984$6,173,474
12$11,527,743$4,223,453$824,234$6,480,057
13$12,104,130$4,436,716$865,445$6,801,969
14$12,709,337$4,660,642$908,718$7,139,977
15$13,344,804$4,895,765$954,153$7,494,885
16$14,012,044$5,142,644$1,001,861$7,867,539
17$14,712,646$5,401,867$1,051,954$8,258,825
18$15,448,278$5,674,051$1,104,552$8,669,676
19$16,220,692$5,959,844$1,159,779$9,101,069
20$17,031,727$6,259,927$1,217,768$9,554,032
21$17,883,313$6,575,014$1,278,657$10,029,643
22$18,777,479$6,905,855$1,342,590$10,529,034
23$19,716,353$7,253,238$1,409,719$11,053,395
24$20,702,170$7,617,991$1,480,205$11,603,974
25$21,737,279$8,000,981$1,554,215$12,182,082
26$22,824,143$8,403,121$1,631,926$12,789,096
27$23,965,350$8,825,367$1,713,523$13,426,460
28$25,163,617$9,268,726$1,799,199$14,095,692
29$26,421,798$9,734,253$1,889,159$14,798,387
30$27,742,888$10,223,056$1,983,617$15,536,215
Total$447,800,001$164,431,635$32,017,699$251,350,667

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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.