USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Apr 13, 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 $28,000,000 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, Apr 13, 2011
Jackpot:$28,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$499,243$143,504$23,464$332,274
2$519,212$150,494$24,403$344,316
3$539,981$157,763$25,379$356,839
4$561,580$165,322$26,394$369,864
5$584,043$173,184$27,450$383,409
6$607,405$181,361$28,548$397,496
7$631,701$189,865$29,690$412,147
8$656,969$199,036$30,878$427,056
9$683,248$208,759$32,113$442,376
10$710,578$218,871$33,397$458,310
11$739,001$229,388$34,733$474,880
12$768,561$240,325$36,122$492,114
13$799,304$251,700$37,567$510,037
14$831,276$263,529$39,070$528,677
15$864,527$275,832$40,633$548,062
16$899,108$288,627$42,258$568,223
17$935,072$301,934$43,948$589,190
18$972,475$315,773$45,706$610,996
19$1,011,374$330,166$47,535$633,674
20$1,051,829$345,134$49,436$657,259
21$1,093,902$360,701$51,413$681,788
22$1,137,658$376,891$53,470$707,298
23$1,183,165$393,728$55,609$733,828
24$1,230,491$411,239$57,833$761,419
25$1,279,711$429,450$60,146$790,114
26$1,330,900$448,390$62,552$819,957
27$1,384,136$468,087$65,054$850,994
28$1,439,501$488,573$67,657$883,272
29$1,497,081$509,877$70,363$916,841
30$1,556,964$532,034$73,177$951,753
Total$28,000,000$9,049,537$1,315,998$17,634,463

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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.