USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Dec 23, 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 $626,400,000 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, Dec 23, 2023
Jackpot:$626,400,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,428,219$3,445,461$674,118$5,308,640
2$9,899,630$3,619,883$707,824$5,571,923
3$10,394,611$3,803,026$743,215$5,848,370
4$10,914,342$3,995,327$780,375$6,138,640
5$11,460,059$4,197,242$819,394$6,443,423
6$12,033,062$4,409,253$860,364$6,763,445
7$12,634,715$4,631,865$903,382$7,099,468
8$13,266,451$4,865,607$948,551$7,452,293
9$13,929,774$5,111,036$995,979$7,822,758
10$14,626,262$5,368,737$1,045,778$8,211,747
11$15,357,575$5,639,323$1,098,067$8,620,186
12$16,125,454$5,923,438$1,152,970$9,049,046
13$16,931,727$6,221,759$1,210,618$9,499,349
14$17,778,313$6,534,996$1,271,149$9,972,168
15$18,667,229$6,863,895$1,334,707$10,468,627
16$19,600,590$7,209,239$1,401,442$10,989,909
17$20,580,619$7,571,849$1,471,514$11,537,256
18$21,609,651$7,952,591$1,545,090$12,111,970
19$22,690,133$8,352,369$1,622,345$12,715,419
20$23,824,640$8,772,137$1,703,462$13,349,041
21$25,015,872$9,212,893$1,788,635$14,014,344
22$26,266,665$9,675,686$1,878,067$14,712,912
23$27,579,999$10,161,620$1,971,970$15,446,409
24$28,958,998$10,671,850$2,070,568$16,216,580
25$30,406,948$11,207,591$2,174,097$17,025,260
26$31,927,296$11,770,120$2,282,802$17,874,375
27$33,523,661$12,360,775$2,396,942$18,765,944
28$35,199,843$12,980,962$2,516,789$19,702,092
29$36,959,836$13,632,159$2,642,628$20,685,048
30$38,807,828$14,315,917$2,774,760$21,717,152
Total$626,400,001$230,478,606$44,787,602$351,133,794

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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.