USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 23, 2021

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The tax information provided here is based on 2021 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 $20,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, Jan 23, 2021
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 5.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$16,256$204,869
2$316,080$85,172$17,068$213,840
3$331,884$90,704$17,922$223,259
4$348,478$96,512$18,818$233,149
5$365,902$102,610$19,759$243,533
6$384,197$109,013$20,747$254,437
7$403,407$115,737$21,784$265,886
8$423,578$122,796$22,873$277,908
9$444,757$130,209$24,017$290,531
10$466,994$137,992$25,218$303,784
11$490,344$146,165$26,479$317,701
12$514,861$154,746$27,803$332,313
13$540,604$164,096$29,193$347,316
14$567,635$174,097$30,652$362,885
15$596,016$184,598$32,185$379,233
16$625,817$195,625$33,794$396,398
17$657,108$207,202$35,484$414,422
18$689,963$219,359$37,258$433,347
19$724,461$232,123$39,121$453,218
20$760,685$245,526$41,077$474,082
21$798,719$259,598$43,131$495,990
22$838,655$274,374$45,287$518,993
23$880,587$289,890$47,552$543,146
24$924,617$306,180$49,929$568,507
25$970,848$323,286$52,426$595,136
26$1,019,390$341,247$55,047$623,096
27$1,070,360$360,105$57,799$652,455
28$1,123,878$379,907$60,689$683,281
29$1,180,071$400,699$63,724$715,649
30$1,239,075$422,530$66,910$749,635
Total$20,000,000$6,352,002$1,080,002$12,567,999

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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.