USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Oct 12, 2011

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The tax information provided here is based on 2024 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 $87,200,000 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, Oct 12, 2011
Jackpot:$87,200,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,554,785$533,458$76,962$944,365
2$1,616,976$556,469$80,040$980,467
3$1,681,655$580,400$83,242$1,018,013
4$1,748,921$605,289$86,572$1,057,061
5$1,818,878$631,173$90,034$1,097,671
6$1,891,633$658,092$93,636$1,139,905
7$1,967,299$686,088$97,381$1,183,829
8$2,045,991$715,204$101,277$1,229,510
9$2,127,830$745,485$105,328$1,277,018
10$2,212,943$776,977$109,541$1,326,426
11$2,301,461$809,728$113,922$1,377,810
12$2,393,520$843,790$118,479$1,431,250
13$2,489,260$879,214$123,218$1,486,828
14$2,588,831$916,055$128,147$1,544,628
15$2,692,384$954,370$133,273$1,604,741
16$2,800,079$994,217$138,604$1,667,258
17$2,912,082$1,035,658$144,148$1,732,276
18$3,028,566$1,078,757$149,914$1,799,895
19$3,149,708$1,123,580$155,911$1,870,218
20$3,275,697$1,170,196$162,147$1,943,354
21$3,406,725$1,218,676$168,633$2,019,416
22$3,542,994$1,269,095$175,378$2,098,520
23$3,684,713$1,321,532$182,393$2,180,788
24$3,832,102$1,376,065$189,689$2,266,347
25$3,985,386$1,432,781$197,277$2,355,329
26$4,144,801$1,491,764$205,168$2,447,869
27$4,310,593$1,553,107$213,374$2,544,112
28$4,483,017$1,616,904$221,909$2,644,204
29$4,662,338$1,683,253$230,786$2,748,299
30$4,848,831$1,752,255$240,017$2,856,559
Total$87,200,000$31,009,632$4,316,400$51,873,966

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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.