USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$58,975$497,706
2$866,060$283,397$61,923$520,739
3$909,363$299,419$65,019$544,924
4$954,831$316,242$68,270$570,318
5$1,002,572$333,907$71,684$596,982
6$1,052,701$352,454$75,268$624,978
7$1,105,336$371,929$79,032$654,375
8$1,160,603$392,378$82,983$685,242
9$1,218,633$413,849$87,132$717,651
10$1,279,564$436,394$91,489$751,682
11$1,343,543$460,066$96,063$787,414
12$1,410,720$484,921$100,866$824,932
13$1,481,256$511,020$105,910$864,326
14$1,555,319$538,423$111,205$905,690
15$1,633,084$567,196$116,766$949,123
16$1,714,739$597,408$122,604$994,727
17$1,800,476$629,131$128,734$1,042,611
18$1,890,499$662,440$135,171$1,092,889
19$1,985,024$697,414$141,929$1,145,681
20$2,084,276$734,137$149,026$1,201,113
21$2,188,489$772,696$156,477$1,259,316
22$2,297,914$813,183$164,301$1,320,430
23$2,412,810$855,695$172,516$1,384,599
24$2,533,450$900,332$181,142$1,451,977
25$2,660,123$947,200$190,199$1,522,723
26$2,793,129$996,413$199,709$1,597,007
27$2,932,785$1,048,086$209,694$1,675,006
28$3,079,424$1,102,342$220,179$1,756,903
29$3,233,396$1,159,311$231,188$1,842,896
30$3,395,065$1,219,129$242,747$1,933,189
Total$54,800,000$19,164,650$3,918,201$31,717,149

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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.