USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 14, 2012

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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 $65,900,000 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:Sat, Jan 14, 2012
Jackpot:$65,900,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,175,004$392,939$58,163$723,902
2$1,222,004$410,329$60,489$751,185
3$1,270,884$428,415$62,909$779,560
4$1,321,719$447,224$65,425$809,070
5$1,374,588$466,785$68,042$839,761
6$1,429,571$487,129$70,764$871,678
7$1,486,754$508,287$73,594$904,873
8$1,546,224$530,291$76,538$939,396
9$1,608,073$553,175$79,600$975,299
10$1,672,396$576,974$82,784$1,012,638
11$1,739,292$601,726$86,095$1,051,471
12$1,808,864$627,467$89,539$1,091,858
13$1,881,219$654,239$93,120$1,133,860
14$1,956,467$682,081$96,845$1,177,541
15$2,034,726$711,036$100,719$1,222,971
16$2,116,115$741,150$104,748$1,270,217
17$2,200,760$772,469$108,938$1,319,353
18$2,288,790$805,040$113,295$1,370,455
19$2,380,342$838,914$117,827$1,423,601
20$2,475,555$874,143$122,540$1,478,872
21$2,574,577$910,781$127,442$1,536,354
22$2,677,561$948,885$132,539$1,596,136
23$2,784,663$988,513$137,841$1,658,309
24$2,896,049$1,029,726$143,354$1,722,969
25$3,011,891$1,072,588$149,089$1,790,215
26$3,132,367$1,117,164$155,052$1,860,151
27$3,257,662$1,163,523$161,254$1,932,885
28$3,387,968$1,211,736$167,704$2,008,528
29$3,523,487$1,261,878$174,413$2,087,196
30$3,664,426$1,314,026$181,389$2,169,012
Total$65,900,000$23,128,633$3,262,051$39,509,316

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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.