USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 16, 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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$268,913$41,570$529,315
2$873,390$281,342$43,233$548,815
3$908,325$294,268$44,962$569,095
4$944,658$307,711$46,761$590,186
5$982,444$321,692$48,631$612,121
6$1,021,742$336,232$50,576$634,934
7$1,062,612$351,354$52,599$658,658
8$1,105,116$367,081$54,703$683,332
9$1,149,321$383,437$56,891$708,993
10$1,195,294$400,447$59,167$735,680
11$1,243,106$418,137$61,534$763,435
12$1,292,830$436,535$63,995$792,300
13$1,344,543$455,669$66,555$822,320
14$1,398,325$475,568$69,217$853,540
15$1,454,258$496,263$71,986$886,009
16$1,512,428$517,786$74,865$919,777
17$1,572,925$540,170$77,860$954,895
18$1,635,842$563,449$80,974$991,419
19$1,701,276$587,660$84,213$1,029,403
20$1,769,327$612,839$87,582$1,068,907
21$1,840,100$639,025$91,085$1,109,990
22$1,913,704$666,258$94,728$1,152,717
23$1,990,252$694,581$98,517$1,197,154
24$2,069,862$724,037$102,458$1,243,367
25$2,152,657$754,671$106,557$1,291,430
26$2,238,763$786,530$110,819$1,341,414
27$2,328,314$819,664$115,252$1,393,398
28$2,421,446$854,123$119,862$1,447,462
29$2,518,304$889,960$124,656$1,503,688
30$2,619,036$927,231$129,642$1,562,163
Total$47,100,000$16,172,633$2,331,450$28,595,917

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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.