USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$497,947$3,931,373
2$7,312,514$2,663,818$522,845$4,125,851
3$7,678,140$2,799,099$548,987$4,330,053
4$8,062,047$2,941,145$576,436$4,544,465
5$8,465,149$3,090,293$605,258$4,769,598
6$8,888,406$3,246,898$635,521$5,005,987
7$9,332,827$3,411,334$667,297$5,254,196
8$9,799,468$3,583,991$700,662$5,514,815
9$10,289,442$3,765,281$735,695$5,788,465
10$10,803,914$3,955,636$772,480$6,075,798
11$11,344,109$4,155,508$811,104$6,377,497
12$11,911,315$4,365,374$851,659$6,694,282
13$12,506,880$4,585,734$894,242$7,026,905
14$13,132,225$4,817,111$938,954$7,376,160
15$13,788,836$5,060,057$985,902$7,742,877
16$14,478,278$5,315,150$1,035,197$8,127,930
17$15,202,191$5,582,999$1,086,957$8,532,236
18$15,962,301$5,864,239$1,141,305$8,956,757
19$16,760,416$6,159,542$1,198,370$9,402,505
20$17,598,437$6,469,609$1,258,288$9,870,539
21$18,478,359$6,795,180$1,321,203$10,361,975
22$19,402,276$7,137,030$1,387,263$10,877,984
23$20,372,390$7,495,972$1,456,626$11,419,792
24$21,391,010$7,872,861$1,529,457$11,988,691
25$22,460,560$8,268,595$1,605,930$12,586,035
26$23,583,589$8,684,116$1,686,227$13,213,246
27$24,762,768$9,120,412$1,770,538$13,871,818
28$26,000,906$9,578,523$1,859,065$14,563,318
29$27,300,951$10,059,540$1,952,018$15,289,394
30$28,665,999$10,564,607$2,049,619$16,051,773
Total$462,700,001$169,944,632$33,083,052$259,672,315

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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.