USA Mega

Maine Powerball Jackpot Annuity Payout Schedule for Nov 14, 1992

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The tax information provided here is based on 2026 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 $22,200,000 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:Sat, Nov 14, 1992
Jackpot:$22,200,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$395,828$107,309$28,302$260,217
2$411,661$112,851$29,434$269,377
3$428,128$118,614$30,611$278,903
4$445,253$124,608$31,836$288,810
5$463,063$130,841$33,109$299,113
6$481,586$137,324$34,433$309,828
7$500,849$144,066$35,811$320,972
8$520,883$151,078$37,243$332,562
9$541,718$158,371$38,733$344,615
10$563,387$165,955$40,282$357,150
11$585,922$173,842$41,893$370,187
12$609,359$182,045$43,569$383,745
13$633,734$190,576$45,312$397,846
14$659,083$199,818$47,124$412,141
15$685,446$209,572$49,009$426,865
16$712,864$219,717$50,970$442,177
17$741,379$230,267$53,009$458,103
18$771,034$241,240$55,129$474,665
19$801,875$252,651$57,334$491,890
20$833,950$264,519$59,627$509,804
21$867,308$276,861$62,013$528,434
22$902,001$289,697$64,493$547,810
23$938,081$303,047$67,073$567,961
24$975,604$316,931$69,756$588,918
25$1,014,628$331,370$72,546$610,713
26$1,055,213$346,386$75,448$633,379
27$1,097,422$362,003$78,466$656,953
28$1,141,319$378,245$81,604$681,469
29$1,186,971$395,137$84,868$706,966
30$1,234,450$412,704$88,263$733,483
Total$22,200,000$6,927,645$1,587,300$13,685,056

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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.