USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jun 18, 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 $36,700,000 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, Jun 18, 2011
Jackpot:$36,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$654,365$198,072$30,755$425,537
2$680,539$207,757$31,985$440,797
3$707,761$217,829$33,265$456,667
4$736,071$228,304$34,595$473,172
5$765,514$239,197$35,979$490,337
6$796,135$250,527$37,418$508,189
7$827,980$262,310$38,915$526,755
8$861,099$274,564$40,472$546,064
9$895,543$287,308$42,091$566,144
10$931,365$300,562$43,774$587,028
11$968,620$314,346$45,525$608,748
12$1,007,364$328,682$47,346$631,336
13$1,047,659$343,591$49,240$654,828
14$1,089,565$359,096$51,210$679,259
15$1,133,148$375,222$53,258$704,668
16$1,178,474$391,993$55,388$731,093
17$1,225,613$409,434$57,604$758,575
18$1,274,637$427,573$59,908$787,156
19$1,325,623$446,438$62,304$816,881
20$1,378,648$466,057$64,796$847,794
21$1,433,794$486,461$67,388$879,944
22$1,491,145$507,681$70,084$913,380
23$1,550,791$529,750$72,887$948,154
24$1,612,823$552,702$75,803$984,318
25$1,677,336$576,571$78,835$1,021,929
26$1,744,429$601,396$81,988$1,061,045
27$1,814,206$627,214$85,268$1,101,725
28$1,886,774$654,064$88,678$1,144,032
29$1,962,245$681,988$92,226$1,188,032
30$2,040,735$711,029$95,915$1,233,791
Total$36,700,000$12,257,718$1,724,900$22,717,378

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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.