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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 $100,000,000 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, Jul 29, 2015
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,783,010$445,752$71,320$1,265,937
2$1,854,330$463,583$74,173$1,316,575
3$1,928,504$482,126$77,140$1,369,238
4$2,005,644$501,411$80,226$1,424,007
5$2,085,869$521,467$83,435$1,480,967
6$2,169,304$542,326$86,772$1,540,206
7$2,256,076$564,019$90,243$1,601,814
8$2,346,319$586,580$93,853$1,665,887
9$2,440,172$610,043$97,607$1,732,522
10$2,537,779$634,445$101,511$1,801,823
11$2,639,290$659,823$105,572$1,873,896
12$2,744,862$686,215$109,794$1,948,852
13$2,854,656$713,664$114,186$2,026,806
14$2,968,843$742,211$118,754$2,107,878
15$3,087,596$771,899$123,504$2,192,193
16$3,211,100$802,775$128,444$2,279,881
17$3,339,544$834,886$133,582$2,371,076
18$3,473,126$868,281$138,925$2,465,919
19$3,612,051$903,013$144,482$2,564,556
20$3,756,533$939,133$150,261$2,667,138
21$3,906,794$976,699$156,272$2,773,824
22$4,063,066$1,015,767$162,523$2,884,777
23$4,225,589$1,056,397$169,024$3,000,168
24$4,394,612$1,098,653$175,784$3,120,175
25$4,570,397$1,142,599$182,816$3,244,982
26$4,753,213$1,188,303$190,129$3,374,781
27$4,943,341$1,235,835$197,734$3,509,772
28$5,141,075$1,285,269$205,643$3,650,163
29$5,346,718$1,336,679$213,869$3,796,170
30$5,560,586$1,390,147$222,423$3,948,016
Total$100,000,000$25,000,000$4,000,000$71,000,000
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