USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 9, 1996

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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 $13,700,000 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 money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, Nov 9, 1996
Jackpot:$13,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$244,272$54,623$11,481$178,168
2$254,043$57,750$11,940$184,353
3$264,205$61,241$12,418$190,546
4$274,773$64,940$12,914$196,919
5$285,764$68,787$13,431$203,547
6$297,195$72,787$13,968$210,439
7$309,082$76,948$14,527$217,607
8$321,446$81,275$15,108$225,063
9$334,304$85,776$15,712$232,816
10$347,676$90,456$16,341$240,879
11$361,583$95,323$16,994$249,265
12$376,046$100,385$17,674$257,987
13$391,088$105,650$18,381$267,057
14$406,731$111,125$19,116$276,490
15$423,001$116,819$19,881$286,300
16$439,921$122,742$20,676$296,503
17$457,518$128,900$21,503$307,114
18$475,818$135,306$22,363$318,149
19$494,851$141,967$23,258$329,626
20$514,645$148,895$24,188$341,562
21$535,231$156,100$25,156$353,975
22$556,640$163,593$26,162$366,885
23$578,906$171,386$27,209$380,311
24$602,062$179,491$28,297$394,274
25$626,144$187,920$29,429$408,796
26$651,190$196,898$30,606$423,687
27$677,238$206,535$31,830$438,872
28$704,327$216,558$33,103$454,666
29$732,500$226,982$34,428$471,090
30$761,800$237,823$35,805$488,172
Total$13,700,000$3,864,981$643,899$9,191,118

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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.