USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 17, 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 $219,200,000 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, Nov 17, 2012
Jackpot:$219,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,908,358$1,402,050$183,693$2,322,615
2$4,064,692$1,459,893$191,041$2,413,758
3$4,227,280$1,520,051$198,682$2,508,547
4$4,396,371$1,582,614$206,629$2,607,127
5$4,572,226$1,647,681$214,895$2,709,650
6$4,755,115$1,715,350$223,490$2,816,275
7$4,945,319$1,785,725$232,430$2,927,164
8$5,143,132$1,858,916$241,727$3,042,489
9$5,348,857$1,935,034$251,396$3,162,427
10$5,562,812$2,014,198$261,452$3,287,162
11$5,785,324$2,096,527$271,910$3,416,887
12$6,016,737$2,182,150$282,787$3,551,801
13$6,257,407$2,271,198$294,098$3,692,111
14$6,507,703$2,363,807$305,862$3,838,034
15$6,768,011$2,460,121$318,097$3,989,793
16$7,038,731$2,560,288$330,820$4,147,623
17$7,320,281$2,664,461$344,053$4,311,766
18$7,613,092$2,772,801$357,815$4,482,475
19$7,917,616$2,885,475$372,128$4,660,013
20$8,234,320$3,002,656$387,013$4,844,651
21$8,563,693$3,124,524$402,494$5,036,676
22$8,906,241$3,251,266$418,593$5,236,381
23$9,262,490$3,383,079$435,337$5,444,075
24$9,632,990$3,520,164$452,751$5,660,076
25$10,018,310$3,662,732$470,861$5,884,717
26$10,419,042$3,811,003$489,695$6,118,344
27$10,835,804$3,965,205$509,283$6,361,316
28$11,269,236$4,125,575$529,654$6,614,007
29$11,720,005$4,292,359$550,840$6,876,806
30$12,188,806$4,465,815$572,874$7,150,116
Total$219,200,000$79,782,718$10,302,400$129,114,882

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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.