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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 $122,000,000 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:  Wed, Jun 26, 2019
Jackpot:$122,000,000
Federal Tax:  24%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$440,706$73,451$1,322,118
2$1,928,089$462,741$77,124$1,388,224
3$2,024,493$485,878$80,980$1,457,635
4$2,125,718$510,172$85,029$1,530,517
5$2,232,004$535,681$89,280$1,607,043
6$2,343,604$562,465$93,744$1,687,395
7$2,460,784$590,588$98,431$1,771,765
8$2,583,823$620,118$103,353$1,860,353
9$2,713,015$651,124$108,521$1,953,371
10$2,848,665$683,680$113,947$2,051,039
11$2,991,099$717,864$119,644$2,153,591
12$3,140,654$753,757$125,626$2,261,271
13$3,297,686$791,445$131,907$2,374,334
14$3,462,571$831,017$138,503$2,493,051
15$3,635,699$872,568$145,428$2,617,703
16$3,817,484$916,196$152,699$2,748,589
17$4,008,358$962,006$160,334$2,886,018
18$4,208,776$1,010,106$168,351$3,030,319
19$4,419,215$1,060,612$176,769$3,181,835
20$4,640,176$1,113,642$185,607$3,340,926
21$4,872,184$1,169,324$194,887$3,507,973
22$5,115,794$1,227,790$204,632$3,683,371
23$5,371,583$1,289,180$214,863$3,867,540
24$5,640,162$1,353,639$225,606$4,060,917
25$5,922,171$1,421,321$236,887$4,263,963
26$6,218,279$1,492,387$248,731$4,477,161
27$6,529,193$1,567,006$261,168$4,701,019
28$6,855,653$1,645,357$274,226$4,936,070
29$7,198,435$1,727,625$287,937$5,182,874
30$7,558,357$1,814,006$302,334$5,442,017
Total$122,000,000$29,280,000$4,880,000$87,840,000
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