USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Apr 23, 2005

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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 $46,300,000 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, Apr 23, 2005
Jackpot:$46,300,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$825,534$261,405$38,800$525,329
2$858,555$273,623$40,352$544,580
3$892,897$286,329$41,966$564,602
4$928,613$299,544$43,645$585,424
5$965,758$313,288$45,391$607,079
6$1,004,388$327,581$47,206$629,601
7$1,044,563$342,446$49,094$653,023
8$1,086,346$357,905$51,058$677,382
9$1,129,800$373,983$53,101$702,716
10$1,174,992$390,704$55,225$729,063
11$1,221,991$408,094$57,434$756,464
12$1,270,871$426,180$59,731$784,961
13$1,321,706$444,988$62,120$814,597
14$1,374,574$464,550$64,605$845,419
15$1,429,557$484,893$67,189$877,475
16$1,486,739$506,051$69,877$910,812
17$1,546,209$528,055$72,672$945,483
18$1,608,057$550,938$75,579$981,540
19$1,672,380$574,738$78,602$1,019,040
20$1,739,275$599,489$81,746$1,058,040
21$1,808,846$625,230$85,016$1,098,600
22$1,881,200$652,001$88,416$1,140,782
23$1,956,448$679,843$91,953$1,184,652
24$2,034,705$708,798$95,631$1,230,276
25$2,116,094$738,912$99,456$1,277,725
26$2,200,737$770,230$103,435$1,327,073
27$2,288,767$802,801$107,572$1,378,394
28$2,380,318$836,675$111,875$1,431,768
29$2,475,530$871,903$116,350$1,487,277
30$2,574,552$908,541$121,004$1,545,006
Total$46,300,000$15,809,718$2,176,101$28,314,183

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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.