USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for May 4, 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 $36,400,000 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 money, as well as deductions claimed.

State:

Maine

Drawing Date:Wed, May 4, 2022
Jackpot:$36,400,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$547,872$160,525$39,173$348,175
2$575,266$170,112$41,132$364,022
3$604,029$180,179$43,188$380,662
4$634,231$190,750$45,347$398,133
5$665,942$202,356$47,615$415,971
6$699,239$214,676$49,996$434,568
7$734,201$227,612$52,495$454,094
8$770,911$241,194$55,120$474,597
9$809,457$255,456$57,876$496,124
10$849,930$270,431$60,770$518,728
11$892,426$286,155$63,808$542,463
12$937,047$302,665$66,999$567,384
13$983,900$320,000$70,349$593,551
14$1,033,095$338,202$73,866$621,026
15$1,084,750$357,315$77,560$649,875
16$1,138,987$377,382$81,438$680,167
17$1,195,936$398,454$85,509$711,973
18$1,255,733$420,579$89,785$745,370
19$1,318,520$443,810$94,274$780,436
20$1,384,446$468,202$98,988$817,256
21$1,453,668$493,814$103,937$855,916
22$1,526,352$520,707$109,134$896,510
23$1,602,669$548,945$114,591$939,133
24$1,682,803$578,594$120,320$983,888
25$1,766,943$609,726$126,336$1,030,880
26$1,855,290$642,415$132,653$1,080,222
27$1,948,054$676,737$139,286$1,132,031
28$2,045,457$712,776$146,250$1,186,431
29$2,147,730$750,617$153,563$1,243,550
30$2,255,116$790,350$161,241$1,303,525
Total$36,400,000$12,150,736$2,602,599$21,646,661

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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.