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Maine Powerball Jackpot Annuity Payout Schedule for Apr 11, 2022

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The tax information provided here is based on 2026 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 $287,300,000 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:Mon, Apr 11, 2022
Jackpot:$287,300,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,324,277$1,555,940$309,186$2,459,152
2$4,540,491$1,635,939$324,645$2,579,907
3$4,767,516$1,719,938$340,877$2,706,700
4$5,005,892$1,808,137$357,921$2,839,833
5$5,256,186$1,900,746$375,817$2,979,623
6$5,518,995$1,997,986$394,608$3,126,402
7$5,794,945$2,100,087$414,339$3,280,520
8$6,084,693$2,207,293$435,056$3,442,344
9$6,388,927$2,319,860$456,808$3,612,259
10$6,708,373$2,438,055$479,649$3,790,669
11$7,043,792$2,562,160$503,631$3,978,001
12$7,395,982$2,692,470$528,813$4,174,699
13$7,765,781$2,829,296$555,253$4,381,231
14$8,154,070$2,972,963$583,016$4,598,091
15$8,561,773$3,123,813$612,167$4,825,793
16$8,989,862$3,282,206$642,775$5,064,881
17$9,439,355$3,448,519$674,914$5,315,923
18$9,911,323$3,623,147$708,660$5,579,517
19$10,406,889$3,806,506$744,093$5,856,290
20$10,927,233$3,999,034$781,297$6,146,903
21$11,473,595$4,201,187$820,362$6,452,046
22$12,047,275$4,413,449$861,380$6,772,446
23$12,649,639$4,636,324$904,449$7,108,866
24$13,282,120$4,870,342$949,672$7,462,107
25$13,946,226$5,116,061$997,155$7,833,010
26$14,643,538$5,374,066$1,047,013$8,222,459
27$15,375,715$5,644,972$1,099,364$8,631,379
28$16,144,500$5,929,422$1,154,332$9,060,746
29$16,951,725$6,228,096$1,212,048$9,511,581
30$17,799,312$6,541,703$1,272,651$9,984,958
Total$287,300,001$104,979,717$20,541,951$161,778,336

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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.