USA Mega

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

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$26,478$350,834
2$556,299$165,079$27,537$363,683
3$578,551$172,868$28,638$377,045
4$601,693$180,967$29,784$390,942
5$625,761$189,719$30,975$405,066
6$650,791$198,981$32,214$419,597
7$676,823$208,612$33,503$434,708
8$703,896$218,629$34,843$450,424
9$732,052$229,047$36,237$466,768
10$761,334$239,881$37,686$483,766
11$791,787$251,149$39,193$501,445
12$823,459$262,867$40,761$519,830
13$856,397$275,055$42,392$538,951
14$890,653$287,729$44,087$558,836
15$926,279$300,911$45,851$579,517
16$963,330$314,620$47,685$601,025
17$1,001,863$328,877$49,592$623,394
18$1,041,938$343,705$51,576$646,657
19$1,083,615$359,125$53,639$670,851
20$1,126,960$375,163$55,785$696,012
21$1,172,038$391,842$58,016$722,180
22$1,218,920$409,188$60,337$749,395
23$1,267,677$427,228$62,750$777,699
24$1,318,384$445,990$65,260$807,134
25$1,371,119$465,502$67,870$837,747
26$1,425,964$485,794$70,585$869,584
27$1,483,002$506,899$73,409$902,695
28$1,542,322$528,847$76,345$937,130
29$1,604,015$551,673$79,399$972,943
30$1,668,176$575,413$82,575$1,010,188
Total$30,000,000$9,848,951$1,485,002$18,666,046

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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.