USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 2, 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 $254,200,000 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, Nov 2, 2011
Jackpot:$254,200,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,532,411$1,635,180$224,354$2,672,877
2$4,713,708$1,702,260$233,329$2,778,120
3$4,902,256$1,772,022$242,662$2,887,572
4$5,098,346$1,844,576$252,368$3,001,402
5$5,302,280$1,920,031$262,463$3,119,786
6$5,514,371$1,998,505$272,961$3,242,905
7$5,734,946$2,080,118$283,880$3,370,948
8$5,964,344$2,164,995$295,235$3,504,114
9$6,202,918$2,253,267$307,044$3,642,606
10$6,451,034$2,345,070$319,326$3,786,638
11$6,709,076$2,440,546$332,099$3,936,431
12$6,977,439$2,539,840$345,383$4,092,215
13$7,256,536$2,643,106$359,199$4,254,232
14$7,546,798$2,750,503$373,566$4,422,728
15$7,848,670$2,862,196$388,509$4,597,965
16$8,162,617$2,978,356$404,050$4,780,211
17$8,489,121$3,099,163$420,211$4,969,747
18$8,828,686$3,224,802$437,020$5,166,864
19$9,181,833$3,355,466$454,501$5,371,867
20$9,549,107$3,491,357$472,681$5,585,069
21$9,931,071$3,632,684$491,588$5,806,799
22$10,328,314$3,779,664$511,252$6,037,398
23$10,741,446$3,932,523$531,702$6,277,222
24$11,171,104$4,091,496$552,970$6,526,638
25$11,617,949$4,256,829$575,088$6,786,031
26$12,082,666$4,428,774$598,092$7,055,800
27$12,565,973$4,607,598$622,016$7,336,360
28$13,068,612$4,793,574$646,896$7,628,142
29$13,591,357$4,986,990$672,772$7,931,595
30$14,135,011$5,188,142$699,683$8,247,186
Total$254,200,000$92,799,633$12,582,900$148,817,468

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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.