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Maine Powerball Jackpot Annuity Payout Schedule for Nov 30, 2022

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The tax information provided here is based on 2024 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 $65,600,000 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 money, as well as deductions claimed.

State:

Maine

Drawing Date:Wed, Nov 30, 2022
Jackpot:$65,600,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$987,374$323,516$70,597$593,261
2$1,036,743$341,783$74,127$620,833
3$1,088,580$360,962$77,833$649,784
4$1,143,009$381,101$81,725$680,183
5$1,200,159$402,247$85,811$712,101
6$1,260,167$424,450$90,102$745,616
7$1,323,176$447,763$94,607$780,806
8$1,389,335$472,242$99,337$817,756
9$1,458,801$497,944$104,304$856,553
10$1,531,741$524,932$109,520$897,290
11$1,608,328$553,269$114,995$940,064
12$1,688,745$583,023$120,745$984,976
13$1,773,182$614,265$126,783$1,032,134
14$1,861,841$647,069$133,122$1,081,651
15$1,954,933$681,513$139,778$1,133,642
16$2,052,680$717,679$146,767$1,188,234
17$2,155,314$755,654$154,105$1,245,555
18$2,263,080$795,527$161,810$1,305,742
19$2,376,234$837,394$169,901$1,368,939
20$2,495,045$881,355$178,396$1,435,295
21$2,619,798$927,513$187,316$1,504,969
22$2,750,787$975,979$196,681$1,578,127
23$2,888,327$1,026,869$206,515$1,654,943
24$3,032,743$1,080,303$216,841$1,735,599
25$3,184,380$1,136,408$227,683$1,820,289
26$3,343,599$1,195,320$239,067$1,909,212
27$3,510,779$1,257,176$251,021$2,002,582
28$3,686,318$1,322,125$263,572$2,100,621
29$3,870,634$1,390,322$276,750$2,203,561
30$4,064,166$1,461,929$290,588$2,311,649
Total$65,600,000$23,017,632$4,690,399$37,891,967

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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.