USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 17, 1997

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The tax information provided here is based on 2024 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 $11,000,000 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 money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, May 17, 1997
Jackpot:$11,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$196,131$40,448$9,708$145,974
2$203,976$42,959$10,097$150,921
3$212,135$45,570$10,501$156,065
4$220,621$48,285$10,921$161,415
5$229,446$51,109$11,358$166,979
6$238,623$54,046$11,812$172,766
7$248,168$57,234$12,284$178,650
8$258,095$60,708$12,776$184,611
9$268,419$64,321$13,287$190,811
10$279,156$68,079$13,818$197,258
11$290,322$71,987$14,371$203,964
12$301,935$76,052$14,946$210,937
13$314,012$80,279$15,544$218,190
14$326,573$84,675$16,165$225,732
15$339,636$89,247$16,812$233,576
16$353,221$94,002$17,484$241,734
17$367,350$98,947$18,184$250,219
18$382,044$104,090$18,911$259,043
19$397,326$109,439$19,668$268,219
20$413,219$115,001$20,454$277,763
21$429,747$120,786$21,272$287,689
22$446,937$126,803$22,123$298,011
23$464,815$133,060$23,008$308,747
24$483,407$139,567$23,929$319,911
25$502,744$146,335$24,886$331,523
26$522,853$153,373$25,881$343,599
27$543,768$160,693$26,916$356,158
28$565,518$168,306$27,993$369,219
29$588,139$176,223$29,113$382,803
30$611,665$184,504$30,277$396,883
Total$11,000,000$2,966,128$544,499$7,489,370

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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.