USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $63,300,000 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, Jun 25, 2011
Jackpot:$63,300,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,128,645$373,556$53,046$702,043
2$1,173,791$390,260$55,168$728,363
3$1,220,743$407,632$57,375$755,736
4$1,269,572$425,699$59,670$784,203
5$1,320,355$444,489$62,057$813,810
6$1,373,170$464,030$64,539$844,601
7$1,428,096$484,353$67,121$876,623
8$1,485,220$505,489$69,805$909,926
9$1,544,629$527,470$72,598$944,561
10$1,606,414$550,330$75,501$980,582
11$1,670,671$574,105$78,522$1,018,044
12$1,737,498$598,831$81,662$1,057,004
13$1,806,997$624,546$84,929$1,097,522
14$1,879,277$651,290$88,326$1,139,661
15$1,954,448$679,103$91,859$1,183,486
16$2,032,626$708,029$95,533$1,229,064
17$2,113,931$738,112$99,355$1,276,465
18$2,198,489$769,398$103,329$1,325,762
19$2,286,428$801,936$107,462$1,377,030
20$2,377,885$835,775$111,761$1,430,350
21$2,473,001$870,968$116,231$1,485,802
22$2,571,921$907,568$120,880$1,543,473
23$2,674,798$945,632$125,715$1,603,450
24$2,781,790$985,219$130,744$1,665,826
25$2,893,061$1,026,390$135,974$1,730,697
26$3,008,784$1,069,207$141,413$1,798,164
27$3,129,135$1,113,737$147,069$1,868,328
28$3,254,300$1,160,048$152,952$1,941,300
29$3,384,472$1,208,212$159,070$2,017,190
30$3,519,851$1,258,302$165,433$2,096,116
Total$63,300,000$22,099,716$2,975,099$38,225,182

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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.