USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Sep 24, 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 $274,800,000 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, Sep 24, 2022
Jackpot:$274,800,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,136,134$1,488,557$295,734$2,351,843
2$4,342,941$1,565,076$310,520$2,467,345
3$4,560,088$1,645,420$326,046$2,588,621
4$4,788,093$1,729,782$342,349$2,715,962
5$5,027,497$1,818,362$359,466$2,849,669
6$5,278,872$1,911,370$377,439$2,990,062
7$5,542,816$2,009,030$396,311$3,137,475
8$5,819,956$2,111,572$416,127$3,292,258
9$6,110,954$2,219,241$436,933$3,454,780
10$6,416,502$2,332,293$458,780$3,625,429
11$6,737,327$2,450,999$481,719$3,804,609
12$7,074,193$2,575,639$505,805$3,992,749
13$7,427,903$2,706,512$531,095$4,190,296
14$7,799,298$2,843,928$557,650$4,397,720
15$8,189,263$2,988,215$585,532$4,615,516
16$8,598,726$3,139,717$614,809$4,844,201
17$9,028,663$3,298,793$645,549$5,084,320
18$9,480,096$3,465,823$677,827$5,336,446
19$9,954,100$3,641,205$711,718$5,601,177
20$10,451,806$3,825,356$747,304$5,879,146
21$10,974,396$4,018,714$784,669$6,171,012
22$11,523,116$4,221,741$823,903$6,477,472
23$12,099,271$4,434,918$865,098$6,799,255
24$12,704,235$4,658,755$908,353$7,137,127
25$13,339,447$4,893,783$953,770$7,491,893
26$14,006,419$5,140,563$1,001,459$7,864,397
27$14,706,740$5,399,682$1,051,532$8,255,527
28$15,442,077$5,671,756$1,104,108$8,666,212
29$16,214,181$5,957,435$1,159,314$9,097,432
30$17,024,890$6,257,397$1,217,280$9,550,213
Total$274,800,001$100,421,634$19,648,199$154,730,164

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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.