USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

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The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$158,601$1,897,007
2$3,332,232$1,195,881$164,945$1,971,405
3$3,465,521$1,245,198$171,543$2,048,780
4$3,604,142$1,296,487$178,405$2,129,249
5$3,748,307$1,349,829$185,541$2,212,937
6$3,898,240$1,405,304$192,963$2,299,973
7$4,054,169$1,462,998$200,681$2,390,490
8$4,216,336$1,522,999$208,709$2,484,628
9$4,384,989$1,585,401$217,057$2,582,531
10$4,560,389$1,650,299$225,739$2,684,351
11$4,742,805$1,717,793$234,769$2,790,243
12$4,932,517$1,787,986$244,160$2,900,371
13$5,129,817$1,860,987$253,926$3,014,904
14$5,335,010$1,936,909$264,083$3,134,018
15$5,548,411$2,015,867$274,646$3,257,897
16$5,770,347$2,097,983$285,632$3,386,731
17$6,001,161$2,183,384$297,057$3,520,719
18$6,241,207$2,272,202$308,940$3,660,066
19$6,490,856$2,364,572$321,297$3,804,987
20$6,750,490$2,460,636$334,149$3,955,704
21$7,020,509$2,560,543$347,515$4,112,451
22$7,301,330$2,664,447$361,416$4,275,467
23$7,593,383$2,772,507$375,872$4,445,004
24$7,897,118$2,884,889$390,907$4,621,322
25$8,213,003$3,001,766$406,544$4,804,693
26$8,541,523$3,123,319$422,805$4,995,399
27$8,883,184$3,249,733$439,718$5,193,733
28$9,238,511$3,381,204$457,306$5,400,001
29$9,608,052$3,517,934$475,599$5,614,519
30$9,992,374$3,660,133$494,623$5,837,618
Total$179,700,000$65,377,650$8,895,148$105,427,198

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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.