USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 26, 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 $45,700,000 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, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$49,181$421,210
2$722,243$230,185$51,640$440,418
3$758,355$243,546$54,222$460,586
4$796,273$257,576$56,934$481,763
5$836,087$272,307$59,780$503,999
6$877,891$287,775$62,769$527,347
7$921,786$304,016$65,908$551,862
8$967,875$321,069$69,203$577,603
9$1,016,269$338,974$72,663$604,631
10$1,067,082$357,775$76,296$633,010
11$1,120,436$377,516$80,111$662,809
12$1,176,458$398,244$84,117$694,097
13$1,235,281$420,009$88,323$726,949
14$1,297,045$442,862$92,739$761,445
15$1,361,897$466,857$97,376$797,665
16$1,429,992$492,052$102,244$835,696
17$1,501,492$518,507$107,357$875,628
18$1,576,566$546,284$112,724$917,557
19$1,655,394$575,451$118,361$961,583
20$1,738,164$606,076$124,279$1,007,810
21$1,825,072$638,232$130,493$1,056,348
22$1,916,326$671,996$137,017$1,107,313
23$2,012,142$707,448$143,868$1,160,826
24$2,112,749$744,672$151,062$1,217,016
25$2,218,387$783,758$158,615$1,276,014
26$2,329,306$824,798$166,545$1,337,963
27$2,445,772$867,890$174,873$1,403,008
28$2,568,060$913,137$183,616$1,471,307
29$2,696,463$960,646$192,797$1,543,020
30$2,831,286$1,010,531$202,437$1,618,318
Total$45,700,000$15,797,649$3,267,550$26,634,801

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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.