USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 11, 2012

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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 $54,400,000 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, Jan 11, 2012
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$314,841$45,588$609,528
2$1,008,756$329,197$47,412$632,147
3$1,049,106$344,126$49,308$655,671
4$1,091,070$359,653$51,280$680,137
5$1,134,713$375,801$53,332$705,580
6$1,180,101$392,595$55,465$732,042
7$1,227,306$410,060$57,683$759,562
8$1,276,398$428,224$59,991$788,183
9$1,327,454$447,115$62,390$817,948
10$1,380,552$466,761$64,886$848,904
11$1,435,774$487,194$67,481$881,099
12$1,493,205$508,443$70,181$914,581
13$1,552,933$530,542$72,988$949,403
14$1,615,050$553,526$75,907$985,617
15$1,679,652$577,429$78,944$1,023,280
16$1,746,838$602,287$82,101$1,062,450
17$1,816,712$628,141$85,385$1,103,186
18$1,889,380$655,028$88,801$1,145,552
19$1,964,956$682,991$92,353$1,189,612
20$2,043,554$712,072$96,047$1,235,435
21$2,125,296$742,317$99,889$1,283,090
22$2,210,308$773,771$103,884$1,332,652
23$2,298,720$806,484$108,040$1,384,197
24$2,390,669$840,505$112,361$1,437,803
25$2,486,296$875,887$116,856$1,493,553
26$2,585,748$912,684$121,530$1,551,534
27$2,689,178$950,953$126,391$1,611,833
28$2,796,745$990,753$131,447$1,674,545
29$2,908,614$1,032,145$136,705$1,739,765
30$3,024,959$1,075,192$142,173$1,807,594
Total$54,400,000$18,806,717$2,556,799$33,036,483

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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.