USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

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The tax information provided here is based on 2025 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 $57,600,000 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:Sat, Nov 22, 2008
Jackpot:$57,600,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,027,014$337,015$48,270$641,729
2$1,068,094$352,215$50,200$665,679
3$1,110,818$368,023$52,208$690,587
4$1,155,251$384,463$54,297$716,491
5$1,201,461$401,561$56,469$743,431
6$1,249,519$419,342$58,727$771,449
7$1,299,500$437,835$61,076$800,588
8$1,351,480$457,068$63,520$830,893
9$1,405,539$477,070$66,060$862,409
10$1,461,761$497,872$68,703$895,186
11$1,520,231$519,506$71,451$929,275
12$1,581,040$542,005$74,309$964,726
13$1,644,282$565,405$77,281$1,001,596
14$1,710,053$589,740$80,373$1,039,941
15$1,778,455$615,049$83,587$1,079,819
16$1,849,594$641,370$86,931$1,121,293
17$1,923,577$668,744$90,408$1,164,425
18$2,000,521$697,213$94,024$1,209,283
19$2,080,541$726,821$97,785$1,255,935
20$2,163,763$757,613$101,697$1,304,454
21$2,250,314$789,636$105,765$1,354,913
22$2,340,326$822,941$109,995$1,407,390
23$2,433,939$857,578$114,395$1,461,966
24$2,531,297$893,600$118,971$1,518,726
25$2,632,549$931,063$123,730$1,577,756
26$2,737,850$970,025$128,679$1,639,147
27$2,847,364$1,010,545$133,826$1,702,993
28$2,961,259$1,052,686$139,179$1,769,394
29$3,079,709$1,096,513$144,746$1,838,450
30$3,202,898$1,142,092$150,536$1,910,269
Total$57,600,000$20,022,609$2,707,198$34,870,193

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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.