USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Apr 16, 2011

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The tax information provided here is based on 2025 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 $42,300,000 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, Apr 16, 2011
Jackpot:$42,300,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$754,213$236,079$35,448$482,686
2$784,382$247,241$36,866$500,274
3$815,757$258,850$38,341$518,566
4$848,387$270,924$39,874$537,590
5$882,323$283,480$41,469$557,374
6$917,616$296,538$43,128$577,950
7$954,320$310,119$44,853$599,348
8$992,493$324,243$46,647$621,603
9$1,032,193$338,932$48,513$644,748
10$1,073,481$354,208$50,454$668,819
11$1,116,420$370,096$52,472$693,852
12$1,161,077$386,619$54,571$719,887
13$1,207,520$403,803$56,753$746,964
14$1,255,820$421,674$59,024$775,123
15$1,306,053$440,260$61,385$804,409
16$1,358,295$459,590$63,840$834,866
17$1,412,627$479,692$66,393$866,541
18$1,469,132$500,599$69,049$899,484
19$1,527,898$522,342$71,811$933,744
20$1,589,013$544,955$74,684$969,375
21$1,652,574$568,473$77,671$1,006,430
22$1,718,677$592,931$80,778$1,044,968
23$1,787,424$618,367$84,009$1,085,048
24$1,858,921$644,821$87,369$1,126,731
25$1,933,278$672,333$90,864$1,170,081
26$2,010,609$700,946$94,499$1,215,165
27$2,091,033$730,703$98,279$1,262,052
28$2,174,675$761,650$102,210$1,310,815
29$2,261,662$793,835$106,298$1,361,528
30$2,352,128$827,308$110,550$1,414,270
Total$42,300,000$14,361,611$1,988,102$25,950,291

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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.