USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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The tax information provided here is based on 2022 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 $632,600,000 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 prize money, as well as deductions claimed.

State:

Maine

Drawing Date:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$680,790$5,354,824
2$9,997,615$3,662,072$714,829$5,620,713
3$10,497,495$3,847,028$750,571$5,899,896
4$11,022,371$4,041,232$788,099$6,193,039
5$11,573,488$4,245,146$827,504$6,500,838
6$12,152,163$4,459,255$868,880$6,824,028
7$12,759,772$4,684,071$912,324$7,163,377
8$13,397,760$4,920,126$957,940$7,519,694
9$14,067,648$5,167,985$1,005,837$7,893,826
10$14,771,030$5,428,236$1,056,129$8,286,665
11$15,509,582$5,701,500$1,108,935$8,699,147
12$16,285,061$5,988,428$1,164,382$9,132,252
13$17,099,314$6,289,701$1,222,601$9,587,012
14$17,954,280$6,606,039$1,283,731$10,064,510
15$18,851,994$6,938,193$1,347,918$10,565,883
16$19,794,594$7,286,955$1,415,313$11,092,326
17$20,784,323$7,653,154$1,486,079$11,645,089
18$21,823,539$8,037,664$1,560,383$12,225,492
19$22,914,716$8,441,400$1,638,402$12,834,914
20$24,060,452$8,865,322$1,720,322$13,474,807
21$25,263,474$9,310,441$1,806,338$14,146,695
22$26,526,648$9,777,815$1,896,655$14,852,178
23$27,852,981$10,268,558$1,991,488$15,592,935
24$29,245,629$10,783,838$2,091,063$16,370,729
25$30,707,911$11,324,882$2,195,616$17,187,413
26$32,243,307$11,892,979$2,305,396$18,044,932
27$33,855,472$12,489,480$2,420,666$18,945,326
28$35,548,245$13,115,806$2,541,700$19,890,740
29$37,325,658$13,773,448$2,668,785$20,883,425
30$39,191,941$14,463,973$2,802,224$21,925,744
Total$632,600,001$232,950,651$45,230,900$354,418,449

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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.