USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Jul 30, 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 $178,800,000 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 money, as well as deductions claimed.

State:

Maine

Drawing Date:Sat, Jul 30, 2022
Jackpot:$178,800,000
Federal Tax:37% marginal rate
State Tax: 9.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,691,197$951,700$246,244$1,493,252
2$2,825,756$1,001,487$258,557$1,565,713
3$2,967,044$1,053,764$271,485$1,641,796
4$3,115,397$1,108,654$285,059$1,721,684
5$3,271,166$1,166,289$299,312$1,805,566
6$3,434,725$1,226,805$314,277$1,893,642
7$3,606,461$1,290,348$329,991$1,986,122
8$3,786,784$1,357,067$346,491$2,083,226
9$3,976,123$1,427,123$363,815$2,185,185
10$4,174,929$1,500,681$382,006$2,292,242
11$4,383,676$1,577,917$401,106$2,404,652
12$4,602,859$1,659,015$421,162$2,522,683
13$4,833,002$1,744,168$442,220$2,646,615
14$5,074,653$1,833,579$464,331$2,776,743
15$5,328,385$1,927,460$487,547$2,913,378
16$5,594,805$2,026,035$511,925$3,056,845
17$5,874,545$2,129,539$537,521$3,207,485
18$6,168,272$2,238,218$564,397$3,365,657
19$6,476,685$2,352,331$592,617$3,531,738
20$6,800,520$2,472,150$622,248$3,706,123
21$7,140,546$2,597,959$653,360$3,889,227
22$7,497,573$2,730,059$686,028$4,081,486
23$7,872,452$2,868,764$720,329$4,283,358
24$8,266,074$3,014,405$756,346$4,495,324
25$8,679,378$3,167,327$794,163$4,717,888
26$9,113,347$3,327,896$833,871$4,951,580
27$9,569,014$3,496,493$875,565$5,196,957
28$10,047,465$3,673,519$919,343$5,454,603
29$10,549,838$3,859,397$965,310$5,725,131
30$11,077,330$4,054,569$1,013,576$6,009,185
Total$178,800,000$64,834,718$16,360,202$97,605,086

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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.