USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jul 25, 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 $81,600,000 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, Jul 25, 2007
Jackpot:$81,600,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,454,936$494,284$68,382$892,270
2$1,513,134$515,817$71,117$926,200
3$1,573,659$538,211$73,962$961,486
4$1,636,605$561,501$76,920$998,184
5$1,702,069$585,723$79,997$1,036,349
6$1,770,152$610,914$83,197$1,076,041
7$1,840,958$637,112$86,525$1,117,321
8$1,914,597$664,358$89,986$1,160,253
9$1,991,181$692,694$93,585$1,204,901
10$2,070,828$722,164$97,329$1,251,335
11$2,153,661$752,812$101,222$1,299,627
12$2,239,807$784,686$105,271$1,349,850
13$2,329,400$817,835$109,482$1,402,083
14$2,422,576$852,310$113,861$1,456,404
15$2,519,479$888,164$118,415$1,512,899
16$2,620,258$925,453$123,152$1,571,653
17$2,725,068$964,232$128,078$1,632,757
18$2,834,071$1,004,563$133,201$1,696,306
19$2,947,434$1,046,508$138,529$1,762,397
20$3,065,331$1,090,130$144,071$1,831,131
21$3,187,944$1,135,497$149,833$1,902,614
22$3,315,462$1,182,678$155,827$1,976,957
23$3,448,080$1,231,747$162,060$2,054,274
24$3,586,004$1,282,779$168,542$2,134,683
25$3,729,444$1,335,851$175,284$2,218,308
26$3,878,621$1,391,047$182,295$2,305,279
27$4,033,766$1,448,451$189,587$2,395,729
28$4,195,117$1,508,151$197,170$2,489,796
29$4,362,922$1,570,238$205,057$2,587,626
30$4,537,439$1,634,810$213,260$2,689,369
Total$81,600,000$28,870,720$3,835,197$48,894,082

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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.