USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Feb 10, 2007

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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 $37,400,000 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, Feb 10, 2007
Jackpot:$37,400,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$666,846$202,690$31,342$432,814
2$693,520$212,559$32,595$448,365
3$721,260$222,824$33,899$464,538
4$750,111$233,498$35,255$481,357
5$780,115$244,600$36,665$498,850
6$811,320$256,146$38,132$517,042
7$843,773$268,153$39,657$535,962
8$877,523$280,641$41,244$555,639
9$912,624$293,628$42,893$576,103
10$949,129$307,135$44,609$597,385
11$987,095$321,182$46,393$619,519
12$1,026,578$335,791$48,249$642,538
13$1,067,641$350,985$50,179$666,478
14$1,110,347$366,786$52,186$691,375
15$1,154,761$383,219$54,274$717,268
16$1,200,951$400,309$56,445$744,197
17$1,248,990$418,083$58,703$772,204
18$1,298,949$436,568$61,051$801,330
19$1,350,907$455,793$63,493$831,622
20$1,404,943$475,786$66,032$863,125
21$1,461,141$496,579$68,674$895,888
22$1,519,587$518,204$71,421$929,962
23$1,580,370$540,694$74,277$965,399
24$1,643,585$564,084$77,248$1,002,253
25$1,709,328$588,409$80,338$1,040,581
26$1,777,702$613,707$83,552$1,080,443
27$1,848,810$640,017$86,894$1,121,899
28$1,922,762$667,379$90,370$1,165,013
29$1,999,672$695,836$93,985$1,209,852
30$2,079,659$725,431$97,744$1,256,484
Total$37,400,000$12,516,716$1,757,799$23,125,485

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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.