USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Oct 1, 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 $325,400,000 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:Sat, Oct 1, 2022
Jackpot:$325,400,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,897,737$1,775,118$350,188$2,772,431
2$5,142,624$1,865,726$367,698$2,909,200
3$5,399,755$1,960,864$386,082$3,052,808
4$5,669,743$2,060,760$405,387$3,203,596
5$5,953,230$2,165,650$425,656$3,361,924
6$6,250,891$2,275,785$446,939$3,528,168
7$6,563,436$2,391,426$469,286$3,702,724
8$6,891,608$2,512,850$492,750$3,886,008
9$7,236,188$2,640,345$517,387$4,078,456
10$7,597,998$2,774,214$543,257$4,280,527
11$7,977,898$2,914,777$570,420$4,492,701
12$8,376,792$3,062,368$598,941$4,715,484
13$8,795,632$3,217,339$628,888$4,949,405
14$9,235,414$3,380,058$660,332$5,195,024
15$9,697,184$3,550,913$693,349$5,452,922
16$10,182,044$3,730,311$728,016$5,723,716
17$10,691,146$3,918,679$764,417$6,008,050
18$11,225,703$4,116,465$802,638$6,306,600
19$11,786,988$4,324,141$842,770$6,620,078
20$12,376,337$4,542,200$884,908$6,949,229
21$12,995,154$4,771,162$929,154$7,294,839
22$13,644,912$5,011,572$975,611$7,657,728
23$14,327,158$5,264,003$1,024,392$8,038,763
24$15,043,515$5,529,056$1,075,611$8,438,848
25$15,795,691$5,807,361$1,129,392$8,858,938
26$16,585,476$6,099,581$1,185,862$9,300,033
27$17,414,750$6,406,412$1,245,155$9,763,183
28$18,285,487$6,728,585$1,307,412$10,249,489
29$19,199,761$7,066,867$1,372,783$10,760,112
30$20,159,750$7,422,062$1,441,422$11,296,265
Total$325,400,001$119,286,650$23,266,103$182,847,249

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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.