USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 9, 2011

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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 $25,000,000 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 9, 2011
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$445,752$124,783$20,950$300,019
2$463,583$131,023$21,788$310,771
3$482,126$137,513$22,660$321,953
4$501,411$144,263$23,566$333,582
5$521,467$151,283$24,509$345,676
6$542,326$158,583$25,489$358,253
7$564,019$166,176$26,509$371,334
8$586,580$174,072$27,569$384,938
9$610,043$182,284$28,672$399,087
10$634,445$190,825$29,819$413,801
11$659,823$200,092$31,012$428,719
12$686,215$209,857$32,252$444,106
13$713,664$220,013$33,542$460,109
14$742,211$230,575$34,884$476,752
15$771,899$241,560$36,279$494,060
16$802,775$252,984$37,730$512,061
17$834,886$264,865$39,240$530,781
18$868,281$277,221$40,809$550,251
19$903,013$290,072$42,442$570,499
20$939,133$303,437$44,139$591,557
21$976,699$317,336$45,905$613,458
22$1,015,767$331,791$47,741$636,235
23$1,056,397$346,824$49,651$659,922
24$1,098,653$362,459$51,637$684,557
25$1,142,599$378,719$53,702$710,178
26$1,188,303$395,629$55,850$736,823
27$1,235,835$413,216$58,084$764,535
28$1,285,269$431,507$60,408$793,354
29$1,336,679$450,529$62,824$823,327
30$1,390,147$470,311$65,337$854,498
Total$25,000,000$7,949,802$1,174,999$15,875,196

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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.