USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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The tax information provided here is based on 2025 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 $1,066,200,000 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, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,894,721$1,147,421$9,005,698
2$16,850,232$6,191,606$1,204,792$9,453,834
3$17,692,744$6,503,335$1,265,031$9,924,377
4$18,577,381$6,830,651$1,328,283$10,418,447
5$19,506,249$7,174,333$1,394,697$10,937,220
6$20,481,562$7,535,198$1,464,432$11,481,932
7$21,505,641$7,914,107$1,537,653$12,053,880
8$22,580,923$8,311,962$1,614,536$12,654,425
9$23,709,969$8,729,709$1,695,263$13,284,997
10$24,895,467$9,168,343$1,780,026$13,947,098
11$26,140,241$9,628,909$1,869,027$14,642,304
12$27,447,253$10,112,504$1,962,479$15,372,270
13$28,819,615$10,620,278$2,060,602$16,138,735
14$30,260,596$11,153,441$2,163,633$16,943,523
15$31,773,626$11,713,262$2,271,814$17,788,550
16$33,362,307$12,301,074$2,385,405$18,675,828
17$35,030,422$12,918,276$2,504,675$19,607,471
18$36,781,944$13,566,339$2,629,909$20,585,695
19$38,621,040$14,246,805$2,761,404$21,612,831
20$40,552,093$14,961,295$2,899,475$22,691,324
21$42,579,697$15,711,508$3,044,448$23,823,741
22$44,708,682$16,499,233$3,196,671$25,012,779
23$46,944,116$17,326,343$3,356,504$26,261,269
24$49,291,322$18,194,809$3,524,329$27,572,183
25$51,755,888$19,106,699$3,700,546$28,948,643
26$54,343,683$20,064,183$3,885,573$30,393,927
27$57,060,867$21,069,541$4,079,852$31,911,474
28$59,913,910$22,125,167$4,283,845$33,504,898
29$62,909,605$23,233,574$4,498,037$35,177,994
30$66,055,086$24,397,402$4,722,939$36,934,745
Total$1,066,200,002$393,204,607$76,233,301$596,762,092

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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.