USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 25, 2023

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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 $337,900,000 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, Nov 25, 2023
Jackpot:$337,900,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,085,880$1,839,963$363,640$2,882,276
2$5,340,174$1,934,052$381,822$3,024,299
3$5,607,183$2,032,845$400,914$3,173,424
4$5,887,542$2,136,578$420,959$3,330,004
5$6,181,919$2,245,498$442,007$3,494,414
6$6,491,015$2,359,863$464,108$3,667,044
7$6,815,566$2,479,947$487,313$3,848,306
8$7,156,344$2,606,035$511,679$4,038,630
9$7,514,161$2,738,427$537,263$4,238,471
10$7,889,869$2,877,439$564,126$4,448,304
11$8,284,363$3,023,402$592,332$4,668,629
12$8,698,581$3,176,663$621,949$4,899,970
13$9,133,510$3,337,586$653,046$5,142,877
14$9,590,185$3,506,556$685,698$5,397,931
15$10,069,694$3,683,975$719,983$5,665,737
16$10,573,179$3,870,264$755,982$5,946,933
17$11,101,838$4,065,868$793,781$6,242,189
18$11,656,930$4,271,252$833,470$6,552,208
19$12,239,776$4,486,905$875,144$6,877,727
20$12,851,765$4,713,341$918,901$7,219,523
21$13,494,353$4,951,099$964,846$7,578,409
22$14,169,071$5,200,744$1,013,089$7,955,238
23$14,877,525$5,462,872$1,063,743$8,350,910
24$15,621,401$5,738,106$1,116,930$8,766,365
25$16,402,471$6,027,102$1,172,777$9,202,592
26$17,222,595$6,330,548$1,231,416$9,660,631
27$18,083,724$6,649,166$1,292,986$10,141,572
28$18,987,910$6,983,715$1,357,636$10,646,560
29$19,937,306$7,334,991$1,425,517$11,176,798
30$20,934,171$7,703,831$1,496,793$11,733,547
Total$337,900,001$123,768,633$24,159,850$189,971,518

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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.