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Maine Powerball Jackpot Annuity Payout Schedule for May 15, 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 $250,300,000 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, May 15, 2019
Jackpot:$250,300,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,767,374$1,349,886$344,715$2,072,774
2$3,955,743$1,419,582$361,950$2,174,210
3$4,153,530$1,492,763$380,048$2,280,719
4$4,361,207$1,569,604$399,050$2,392,553
5$4,579,267$1,650,286$419,003$2,509,978
6$4,808,230$1,735,002$439,953$2,633,275
7$5,048,642$1,823,955$461,951$2,762,736
8$5,301,074$1,917,355$485,048$2,898,671
9$5,566,128$2,015,424$509,301$3,041,402
10$5,844,434$2,118,398$534,766$3,191,270
11$6,136,656$2,226,520$561,504$3,348,632
12$6,443,488$2,340,048$589,579$3,513,861
13$6,765,663$2,459,252$619,058$3,687,352
14$7,103,946$2,584,417$650,011$3,869,518
15$7,459,143$2,715,840$682,512$4,060,791
16$7,832,101$2,853,834$716,637$4,261,629
17$8,223,705$2,998,728$752,469$4,472,508
18$8,634,891$3,150,867$790,092$4,693,931
19$9,066,635$3,310,612$829,597$4,926,426
20$9,519,967$3,478,345$871,077$5,170,545
21$9,995,965$3,654,464$914,631$5,426,870
22$10,495,764$3,839,390$960,362$5,696,011
23$11,020,552$4,033,561$1,008,380$5,978,610
24$11,571,579$4,237,442$1,058,800$6,275,338
25$12,150,158$4,451,516$1,111,739$6,586,903
26$12,757,666$4,676,294$1,167,326$6,914,046
27$13,395,550$4,912,311$1,225,693$7,257,546
28$14,065,327$5,160,128$1,286,977$7,618,221
29$14,768,593$5,420,337$1,351,326$7,996,930
30$15,507,023$5,693,556$1,418,893$8,394,575
Total$250,300,001$91,289,717$22,902,448$136,107,831

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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.