USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Mar 16, 2013

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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 $217,700,000 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:Sat, Mar 16, 2013
Jackpot:$217,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,881,613$1,392,154$182,436$2,307,023
2$4,036,877$1,449,602$189,733$2,397,542
3$4,198,352$1,509,348$197,323$2,491,682
4$4,366,286$1,571,483$205,215$2,589,588
5$4,540,938$1,636,104$213,424$2,691,409
6$4,722,575$1,703,310$221,961$2,797,304
7$4,911,478$1,773,204$230,839$2,907,435
8$5,107,937$1,845,894$240,073$3,021,970
9$5,312,255$1,921,492$249,676$3,141,087
10$5,524,745$2,000,113$259,663$3,264,969
11$5,745,735$2,081,879$270,050$3,393,806
12$5,975,564$2,166,916$280,852$3,527,797
13$6,214,587$2,255,354$292,086$3,667,147
14$6,463,170$2,347,330$303,769$3,812,071
15$6,721,697$2,442,985$315,920$3,962,792
16$6,990,565$2,542,466$328,557$4,119,542
17$7,270,188$2,645,927$341,699$4,282,562
18$7,560,995$2,753,525$355,367$4,452,103
19$7,863,435$2,865,428$369,581$4,628,425
20$8,177,972$2,981,807$384,365$4,811,801
21$8,505,091$3,102,841$399,739$5,002,511
22$8,845,295$3,228,716$415,729$5,200,850
23$9,199,107$3,359,627$432,358$5,407,122
24$9,567,071$3,495,773$449,652$5,621,645
25$9,949,754$3,637,366$467,638$5,844,749
26$10,347,744$3,784,622$486,344$6,076,777
27$10,761,654$3,937,769$505,798$6,318,087
28$11,192,120$4,097,042$526,030$6,569,049
29$11,639,805$4,262,685$547,071$6,830,049
30$12,105,397$4,434,954$568,954$7,101,489
Total$217,700,000$79,227,716$10,231,902$128,240,383

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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.