USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Dec 22, 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 $36,200,000 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:Wed, Dec 22, 2010
Jackpot:$36,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$645,450$194,774$30,336$420,340
2$671,268$204,326$31,550$435,392
3$698,118$214,261$32,812$451,046
4$726,043$224,593$34,124$467,326
5$755,085$235,339$35,489$484,257
6$785,288$246,514$36,909$501,866
7$816,700$258,136$38,385$520,179
8$849,368$270,223$39,920$539,224
9$883,342$282,794$41,517$559,031
10$918,676$295,867$43,178$579,631
11$955,423$309,464$44,905$601,054
12$993,640$323,604$46,701$623,335
13$1,033,386$338,310$48,569$646,507
14$1,074,721$353,604$50,512$670,605
15$1,117,710$369,510$52,532$695,668
16$1,162,418$386,052$54,634$721,733
17$1,208,915$403,256$56,819$748,840
18$1,257,272$421,148$59,092$777,032
19$1,307,562$439,755$61,455$806,352
20$1,359,865$459,107$63,914$836,844
21$1,414,260$479,233$66,470$868,556
22$1,470,830$500,164$69,129$901,537
23$1,529,663$521,933$71,894$935,836
24$1,590,850$544,572$74,770$971,508
25$1,654,484$568,116$77,761$1,008,607
26$1,720,663$592,603$80,871$1,047,189
27$1,789,489$618,068$84,106$1,087,315
28$1,861,069$644,553$87,470$1,129,046
29$1,935,512$672,097$90,969$1,172,446
30$2,012,932$700,742$94,608$1,217,582
Total$36,200,000$12,072,718$1,701,401$22,425,884

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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.