USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Oct 2, 2010

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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 $48,900,000 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, Oct 2, 2010
Jackpot:$48,900,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$871,892$278,557$40,979$552,356
2$906,768$291,461$42,618$572,688
3$943,038$304,881$44,323$593,834
4$980,760$318,838$46,096$615,826
5$1,019,990$333,354$47,940$638,697
6$1,060,790$348,449$49,857$662,483
7$1,103,221$364,149$51,851$687,221
8$1,147,350$380,477$53,925$712,948
9$1,193,244$397,458$56,082$739,704
10$1,240,974$415,118$58,326$767,531
11$1,290,613$433,484$60,659$796,470
12$1,342,237$452,585$63,085$826,567
13$1,395,927$472,450$65,609$857,868
14$1,451,764$493,110$68,233$890,421
15$1,509,835$514,596$70,962$924,276
16$1,570,228$536,942$73,801$959,486
17$1,633,037$560,181$76,753$996,103
18$1,698,359$584,350$79,823$1,034,186
19$1,766,293$609,486$83,016$1,073,792
20$1,836,945$635,627$86,336$1,114,981
21$1,910,422$662,814$89,790$1,157,819
22$1,986,839$691,088$93,381$1,202,370
23$2,066,313$720,493$97,117$1,248,703
24$2,148,965$751,074$101,001$1,296,890
25$2,234,924$782,879$105,041$1,347,003
26$2,324,321$815,956$109,243$1,399,122
27$2,417,294$850,356$113,613$1,453,325
28$2,513,986$886,132$118,157$1,509,696
29$2,614,545$923,339$122,884$1,568,322
30$2,719,127$962,034$127,799$1,629,294
Total$48,900,000$16,771,718$2,298,300$29,829,982

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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.