USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jan 23, 2019

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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 $144,200,000 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, Jan 23, 2019
Jackpot:$144,200,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,170,417$759,012$198,593$1,212,812
2$2,278,938$799,164$208,523$1,271,251
3$2,392,885$841,325$218,949$1,332,611
4$2,512,529$885,593$229,896$1,397,040
5$2,638,155$932,075$241,391$1,464,689
6$2,770,063$980,881$253,461$1,535,722
7$2,908,566$1,032,127$266,134$1,610,306
8$3,053,995$1,085,935$279,441$1,688,619
9$3,206,694$1,142,434$293,413$1,770,848
10$3,367,029$1,201,758$308,083$1,857,188
11$3,535,381$1,264,048$323,487$1,947,845
12$3,712,150$1,329,453$339,662$2,043,035
13$3,897,757$1,398,127$356,645$2,142,985
14$4,092,645$1,470,236$374,477$2,247,932
15$4,297,277$1,545,950$393,201$2,358,126
16$4,512,141$1,625,449$412,861$2,473,831
17$4,737,748$1,708,924$433,504$2,595,320
18$4,974,635$1,796,572$455,179$2,722,884
19$5,223,367$1,888,603$477,938$2,856,826
20$5,484,536$1,985,235$501,835$2,997,465
21$5,758,762$2,086,699$526,927$3,145,136
22$6,046,700$2,193,236$553,273$3,300,191
23$6,349,035$2,305,100$580,937$3,462,998
24$6,666,487$2,422,557$609,984$3,633,946
25$6,999,811$2,545,887$640,483$3,813,441
26$7,349,802$2,675,384$672,507$4,001,911
27$7,717,292$2,811,355$706,132$4,199,805
28$8,103,157$2,954,125$741,439$4,407,593
29$8,508,315$3,104,034$778,511$4,625,770
30$8,933,730$3,261,438$817,436$4,854,857
Total$144,200,000$52,032,716$13,194,302$78,972,983

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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.