USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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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 $166,000,000 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, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$178,645$1,438,413
2$2,623,465$927,702$187,578$1,508,185
3$2,754,638$976,236$196,957$1,581,445
4$2,892,370$1,027,197$206,804$1,658,369
5$3,036,989$1,080,706$217,145$1,739,138
6$3,188,838$1,136,890$228,002$1,823,946
7$3,348,280$1,195,884$239,402$1,912,994
8$3,515,694$1,257,827$251,372$2,006,495
9$3,691,479$1,322,867$263,941$2,104,671
10$3,876,053$1,391,160$277,138$2,207,755
11$4,069,856$1,462,867$290,995$2,315,994
12$4,273,348$1,538,159$305,544$2,429,645
13$4,487,016$1,617,216$320,822$2,548,978
14$4,711,367$1,700,226$336,863$2,674,278
15$4,946,935$1,787,386$353,706$2,805,843
16$5,194,282$1,878,904$371,391$2,943,986
17$5,453,996$1,974,999$389,961$3,089,036
18$5,726,695$2,075,898$409,459$3,241,339
19$6,013,030$2,181,841$429,932$3,401,257
20$6,313,682$2,293,082$451,428$3,569,171
21$6,629,366$2,409,886$474,000$3,745,480
22$6,960,834$2,532,529$497,700$3,930,606
23$7,308,876$2,661,304$522,585$4,124,987
24$7,674,319$2,796,518$548,714$4,329,087
25$8,058,035$2,938,493$576,150$4,543,393
26$8,460,937$3,087,567$604,957$4,768,413
27$8,883,984$3,244,094$635,205$5,004,685
28$9,328,183$3,408,448$666,965$5,252,770
29$9,794,592$3,581,019$700,313$5,513,260
30$10,284,322$3,762,219$735,329$5,786,774
Total$166,000,000$60,130,603$11,869,003$94,000,393

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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.