USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 14, 2006

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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 $77,000,000 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, Jan 14, 2006
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,372,918$463,937$64,527$844,454
2$1,427,834$484,256$67,108$876,470
3$1,484,948$505,388$69,793$909,767
4$1,544,346$527,365$72,584$944,396
5$1,606,119$550,221$75,488$980,410
6$1,670,364$573,992$78,507$1,017,865
7$1,737,179$598,713$81,647$1,056,818
8$1,806,666$624,424$84,913$1,097,329
9$1,878,933$651,162$88,310$1,139,460
10$1,954,090$678,971$91,842$1,183,277
11$2,032,253$707,891$95,516$1,228,847
12$2,113,544$737,968$99,337$1,276,239
13$2,198,085$769,249$103,310$1,325,527
14$2,286,009$801,780$107,442$1,376,786
15$2,377,449$835,613$111,740$1,430,096
16$2,472,547$870,800$116,210$1,485,538
17$2,571,449$907,393$120,858$1,543,198
18$2,674,307$945,451$125,692$1,603,164
19$2,781,279$985,031$130,720$1,665,529
20$2,892,530$1,026,193$135,949$1,730,388
21$3,008,232$1,069,003$141,387$1,797,842
22$3,128,561$1,113,525$147,042$1,867,994
23$3,253,703$1,159,827$152,924$1,940,952
24$3,383,851$1,207,982$159,041$2,016,828
25$3,519,205$1,258,063$165,403$2,095,740
26$3,659,974$1,310,148$172,019$2,177,807
27$3,806,373$1,364,315$178,900$2,263,158
28$3,958,628$1,420,649$186,055$2,351,923
29$4,116,973$1,479,237$193,498$2,444,238
30$4,281,652$1,540,168$201,238$2,540,246
Total$77,000,000$27,168,715$3,619,000$46,212,286

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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.