USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Sep 13, 2021

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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 $419,100,000 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:Mon, Sep 13, 2021
Jackpot:$419,100,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,308,056$2,289,938$577,187$3,440,931
2$6,623,459$2,406,637$606,047$3,610,776
3$6,954,632$2,529,171$636,349$3,789,112
4$7,302,364$2,657,832$668,166$3,976,366
5$7,667,482$2,792,926$701,575$4,172,982
6$8,050,856$2,934,774$736,653$4,379,429
7$8,453,399$3,083,715$773,486$4,596,198
8$8,876,069$3,240,103$812,160$4,823,806
9$9,319,872$3,404,310$852,768$5,062,794
10$9,785,866$3,576,728$895,407$5,313,732
11$10,275,159$3,757,766$940,177$5,577,216
12$10,788,917$3,947,857$987,186$5,853,875
13$11,328,363$4,147,452$1,036,545$6,144,366
14$11,894,781$4,357,026$1,088,372$6,449,383
15$12,489,520$4,577,080$1,142,791$6,769,649
16$13,113,996$4,808,136$1,199,931$7,105,930
17$13,769,696$5,050,745$1,259,927$7,459,024
18$14,458,181$5,305,484$1,322,924$7,829,773
19$15,181,090$5,572,961$1,389,070$8,219,060
20$15,940,145$5,853,811$1,458,523$8,627,811
21$16,737,152$6,148,703$1,531,449$9,056,999
22$17,574,009$6,458,341$1,608,022$9,507,647
23$18,452,710$6,783,460$1,688,423$9,980,827
24$19,375,345$7,124,835$1,772,844$10,477,666
25$20,344,112$7,483,279$1,861,486$10,999,347
26$21,361,318$7,859,645$1,954,561$11,547,113
27$22,429,384$8,254,829$2,052,289$12,122,266
28$23,550,853$8,669,773$2,154,903$12,726,177
29$24,728,396$9,105,464$2,262,648$13,360,284
30$25,964,816$9,562,939$2,375,781$14,026,096
Total$419,100,001$153,745,720$38,347,650$227,006,635

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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.