USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 31, 2009

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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 $43,100,000 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 31, 2009
Jackpot:$43,100,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$768,477$240,294$36,118$492,065
2$799,216$251,667$37,563$509,986
3$831,185$263,496$39,066$528,624
4$864,432$275,797$40,628$548,007
5$899,010$288,591$42,253$568,165
6$934,970$301,896$43,944$589,130
7$972,369$315,734$45,701$610,934
8$1,011,264$330,125$47,529$633,609
9$1,051,714$345,092$49,431$657,192
10$1,093,783$360,657$51,408$681,718
11$1,137,534$376,845$53,464$707,225
12$1,183,035$393,680$55,603$733,752
13$1,230,357$411,189$57,827$761,341
14$1,279,571$429,399$60,140$790,033
15$1,330,754$448,336$62,545$819,872
16$1,383,984$468,031$65,047$850,906
17$1,439,344$488,514$67,649$883,180
18$1,496,917$509,817$70,355$916,746
19$1,556,794$531,971$73,169$951,654
20$1,619,066$555,012$76,096$987,958
21$1,683,828$578,974$79,140$1,025,715
22$1,751,181$603,894$82,306$1,064,982
23$1,821,229$629,812$85,598$1,105,819
24$1,894,078$656,766$89,022$1,148,290
25$1,969,841$684,798$92,583$1,192,460
26$2,048,635$713,952$96,286$1,238,397
27$2,130,580$744,272$100,137$1,286,171
28$2,215,803$775,804$104,143$1,335,856
29$2,304,435$808,598$108,308$1,387,529
30$2,396,613$842,704$112,641$1,441,268
Total$43,100,000$14,625,717$2,025,700$26,448,584

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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.