USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Aug 15, 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 $217,600,000 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, Aug 15, 2009
Jackpot:$217,600,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,879,830$1,391,494$182,352$2,305,983
2$4,035,023$1,448,916$189,646$2,396,461
3$4,196,424$1,508,634$197,232$2,490,558
4$4,364,281$1,570,741$205,121$2,588,418
5$4,538,852$1,635,332$213,326$2,690,193
6$4,720,406$1,702,507$221,859$2,796,039
7$4,909,222$1,772,369$230,733$2,906,119
8$5,105,591$1,845,026$239,963$3,020,602
9$5,309,815$1,920,589$249,561$3,139,665
10$5,522,207$1,999,174$259,544$3,263,490
11$5,743,096$2,080,903$269,925$3,392,267
12$5,972,819$2,165,900$280,723$3,526,196
13$6,211,732$2,254,298$291,951$3,665,483
14$6,460,201$2,346,232$303,629$3,810,340
15$6,718,609$2,441,843$315,775$3,960,992
16$6,987,354$2,541,278$328,406$4,117,670
17$7,266,848$2,644,691$341,542$4,280,615
18$7,557,522$2,752,240$355,204$4,450,078
19$7,859,823$2,864,092$369,412$4,626,319
20$8,174,216$2,980,417$384,188$4,809,611
21$8,501,184$3,101,395$399,556$5,000,233
22$8,841,232$3,227,213$415,538$5,198,481
23$9,194,881$3,358,063$432,159$5,404,658
24$9,562,676$3,494,147$449,446$5,619,083
25$9,945,183$3,635,675$467,424$5,842,085
26$10,342,991$3,782,864$486,121$6,074,006
27$10,756,710$3,935,940$505,565$6,315,205
28$11,186,979$4,095,139$525,788$6,566,051
29$11,634,458$4,260,707$546,820$6,826,932
30$12,099,836$4,432,897$568,692$7,098,247
Total$217,600,000$79,190,716$10,227,201$128,182,080

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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.