USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Mar 5, 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 $26,700,000 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:Sat, Mar 5, 2011
Jackpot:$26,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$476,064$135,392$22,375$318,297
2$495,106$142,056$23,270$329,780
3$514,910$148,988$24,201$341,722
4$535,507$156,197$25,169$354,141
5$556,927$163,694$26,176$367,058
6$579,204$171,491$27,223$380,491
7$602,372$179,600$28,312$394,461
8$626,467$188,033$29,444$408,991
9$651,526$197,022$30,622$423,882
10$677,587$206,664$31,847$439,076
11$704,690$216,693$33,120$454,877
12$732,878$227,122$34,445$471,311
13$762,193$237,969$35,823$488,401
14$792,681$249,249$37,256$506,176
15$824,388$260,981$38,746$524,661
16$857,364$273,182$40,296$543,886
17$891,658$285,871$41,908$563,880
18$927,325$299,067$43,584$584,673
19$964,418$312,792$45,328$606,298
20$1,002,994$327,065$47,141$628,788
21$1,043,114$341,909$49,026$652,178
22$1,084,839$357,348$50,987$676,504
23$1,128,232$373,403$53,027$701,802
24$1,173,361$390,101$55,148$728,112
25$1,220,296$407,467$57,354$755,475
26$1,269,108$425,527$59,648$783,933
27$1,319,872$444,310$62,034$813,528
28$1,372,667$463,844$64,515$844,308
29$1,427,574$484,159$67,096$876,318
30$1,484,677$505,288$69,780$909,609
Total$26,700,000$8,572,484$1,254,901$16,872,617

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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.