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Powerball Annuity Jackpot Analysis for Missouri

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The Powerball annuity jackpot is awarded according to an 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 would be for a resident of Missouri, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Missouri

Drawing Date:  Sat, Apr 27, 2019
Jackpot:$166,000,000
Federal Tax:  24%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$599,649$99,942$1,798,948
2$2,623,465$629,632$104,939$1,888,895
3$2,754,638$661,113$110,186$1,983,340
4$2,892,370$694,169$115,695$2,082,507
5$3,036,989$728,877$121,480$2,186,632
6$3,188,838$765,321$127,554$2,295,964
7$3,348,280$803,587$133,931$2,410,762
8$3,515,694$843,767$140,628$2,531,300
9$3,691,479$885,955$147,659$2,657,865
10$3,876,053$930,253$155,042$2,790,758
11$4,069,856$976,765$162,794$2,930,296
12$4,273,348$1,025,604$170,934$3,076,811
13$4,487,016$1,076,884$179,481$3,230,651
14$4,711,367$1,130,728$188,455$3,392,184
15$4,946,935$1,187,264$197,877$3,561,793
16$5,194,282$1,246,628$207,771$3,739,883
17$5,453,996$1,308,959$218,160$3,926,877
18$5,726,695$1,374,407$229,068$4,123,221
19$6,013,030$1,443,127$240,521$4,329,382
20$6,313,682$1,515,284$252,547$4,545,851
21$6,629,366$1,591,048$265,175$4,773,143
22$6,960,834$1,670,600$278,433$5,011,800
23$7,308,876$1,754,130$292,355$5,262,391
24$7,674,319$1,841,837$306,973$5,525,510
25$8,058,035$1,933,928$322,321$5,801,785
26$8,460,937$2,030,625$338,437$6,091,875
27$8,883,984$2,132,156$355,359$6,396,469
28$9,328,183$2,238,764$373,127$6,716,292
29$9,794,592$2,350,702$391,784$7,052,107
30$10,284,322$2,468,237$411,373$7,404,712
Total$166,000,000$39,840,000$6,640,000$119,520,000
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