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Maine Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$359,120$2,842,203
2$5,273,797$1,914,260$377,076$2,982,461
3$5,537,487$2,011,825$395,930$3,129,731
4$5,814,361$2,114,269$415,727$3,284,366
5$6,105,079$2,221,834$436,513$3,446,732
6$6,410,333$2,334,778$458,339$3,617,216
7$6,730,850$2,453,370$481,256$3,796,225
8$7,067,393$2,577,890$505,319$3,984,184
9$7,420,762$2,708,637$530,584$4,181,541
10$7,791,800$2,845,921$557,114$4,388,765
11$8,181,390$2,990,069$584,969$4,606,351
12$8,590,460$3,141,425$614,218$4,834,817
13$9,019,983$3,300,349$644,929$5,074,705
14$9,470,982$3,467,218$677,175$5,326,588
15$9,944,531$3,642,431$711,034$5,591,066
16$10,441,758$3,826,405$746,586$5,868,767
17$10,963,845$4,019,578$783,915$6,160,353
18$11,512,038$4,222,409$823,111$6,466,518
19$12,087,639$4,435,382$864,266$6,787,992
20$12,692,022$4,659,003$907,480$7,125,539
21$13,326,623$4,893,805$952,854$7,479,964
22$13,992,954$5,140,348$1,000,496$7,852,110
23$14,692,601$5,399,218$1,050,521$8,242,863
24$15,427,231$5,671,031$1,103,047$8,653,154
25$16,198,593$5,956,434$1,158,199$9,083,959
26$17,008,523$6,256,108$1,216,109$9,536,305
27$17,858,949$6,570,766$1,276,915$10,011,268
28$18,751,896$6,901,157$1,340,761$10,509,979
29$19,689,491$7,248,067$1,407,799$11,033,626
30$20,673,966$7,612,322$1,478,189$11,583,455
Total$333,700,001$122,357,650$23,859,551$187,482,803

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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.