USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Aug 24, 2011

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The tax information provided here is based on 2024 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 $47,900,000 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, Aug 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$42,276$537,595
2$888,224$286,831$43,967$557,426
3$923,753$299,976$45,726$578,051
4$960,703$313,648$47,555$599,501
5$999,131$327,866$49,457$621,808
6$1,039,097$342,654$51,435$645,008
7$1,080,661$358,032$53,493$669,136
8$1,123,887$374,026$55,632$694,229
9$1,168,842$390,659$57,858$720,325
10$1,215,596$407,958$60,172$747,466
11$1,264,220$425,949$62,579$775,692
12$1,314,789$444,660$65,082$805,047
13$1,367,380$464,118$67,685$835,577
14$1,422,076$484,356$70,393$867,327
15$1,478,959$505,402$73,208$900,348
16$1,538,117$527,291$76,137$934,689
17$1,599,642$550,055$79,182$970,404
18$1,663,627$573,730$82,350$1,007,548
19$1,730,172$598,352$85,644$1,046,177
20$1,799,379$623,958$89,069$1,086,352
21$1,871,354$650,589$92,632$1,128,134
22$1,946,209$678,285$96,337$1,171,586
23$2,024,057$707,089$100,191$1,216,777
24$2,105,019$737,045$104,198$1,263,776
25$2,189,220$768,199$108,366$1,312,654
26$2,276,789$800,600$112,701$1,363,488
27$2,367,860$834,296$117,209$1,416,355
28$2,462,575$869,340$121,897$1,471,337
29$2,561,078$905,787$126,773$1,528,518
30$2,663,521$943,690$131,844$1,587,986
Total$47,900,000$16,468,632$2,371,048$29,060,317

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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.