USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Dec 11, 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 $37,500,000 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, Dec 11, 2010
Jackpot:$37,500,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$668,629$203,350$31,426$433,853
2$695,374$213,246$32,683$449,446
3$723,189$223,537$33,990$465,662
4$752,116$234,240$35,349$482,527
5$782,201$245,372$36,763$500,066
6$813,489$256,948$38,234$518,307
7$846,029$268,988$39,763$537,277
8$879,870$281,509$41,354$557,007
9$915,065$294,531$43,008$577,525
10$951,667$308,074$44,728$598,865
11$989,734$322,159$46,517$621,058
12$1,029,323$336,807$48,378$644,138
13$1,070,496$352,041$50,313$668,142
14$1,113,316$367,884$52,326$693,106
15$1,157,849$384,361$54,419$719,068
16$1,204,163$401,497$56,596$746,070
17$1,252,329$419,319$58,859$774,151
18$1,302,422$437,853$61,214$803,355
19$1,354,519$457,129$63,662$833,727
20$1,408,700$477,176$66,209$865,315
21$1,465,048$498,025$68,857$898,166
22$1,523,650$519,708$71,612$932,331
23$1,584,596$542,258$74,476$967,862
24$1,647,980$565,710$77,455$1,004,815
25$1,713,899$590,100$80,553$1,043,246
26$1,782,455$615,465$83,775$1,083,214
27$1,853,753$641,846$87,126$1,124,781
28$1,927,903$669,281$90,611$1,168,010
29$2,005,019$697,814$94,236$1,212,969
30$2,085,220$727,489$98,005$1,259,726
Total$37,500,000$12,553,717$1,762,497$23,183,785

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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.