USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 18, 2005

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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 $130,500,000 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:Wed, May 18, 2005
Jackpot:$130,500,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,326,828$819,114$115,178$1,392,536
2$2,419,901$853,551$119,785$1,446,565
3$2,516,697$889,366$124,577$1,502,755
4$2,617,365$926,613$129,560$1,561,193
5$2,722,060$965,350$134,742$1,621,968
6$2,830,942$1,005,636$140,132$1,685,174
7$2,944,180$1,047,534$145,737$1,750,909
8$3,061,947$1,091,108$151,566$1,819,272
9$3,184,425$1,136,425$157,629$1,890,371
10$3,311,802$1,183,554$163,934$1,964,313
11$3,444,274$1,232,569$170,492$2,041,213
12$3,582,045$1,283,544$177,311$2,121,189
13$3,725,326$1,336,559$184,404$2,204,364
14$3,874,340$1,391,693$191,780$2,290,866
15$4,029,313$1,449,034$199,451$2,380,829
16$4,190,486$1,508,667$207,429$2,474,389
17$4,358,105$1,570,687$215,726$2,571,692
18$4,532,429$1,635,187$224,355$2,672,887
19$4,713,726$1,702,267$233,329$2,778,130
20$4,902,276$1,772,030$242,663$2,887,583
21$5,098,367$1,844,583$252,369$3,001,414
22$5,302,301$1,920,039$262,464$3,119,798
23$5,514,393$1,998,513$272,962$3,242,918
24$5,734,969$2,080,126$283,881$3,370,962
25$5,964,368$2,165,004$295,236$3,504,128
26$6,202,942$2,253,276$307,046$3,642,620
27$6,451,060$2,345,080$319,327$3,786,653
28$6,709,103$2,440,556$332,101$3,936,446
29$6,977,467$2,539,850$345,385$4,092,232
30$7,256,565$2,643,117$359,200$4,254,248
Total$130,500,000$47,030,632$6,459,751$77,009,617

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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.