USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Mar 23, 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 $338,300,000 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 23, 2013
Jackpot:$338,300,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,031,923$2,187,769$283,500$3,560,654
2$6,273,199$2,277,041$294,840$3,701,318
3$6,524,127$2,369,884$306,634$3,847,609
4$6,785,093$2,466,441$318,899$3,999,752
5$7,056,496$2,566,861$331,655$4,157,980
6$7,338,756$2,671,297$344,922$4,322,538
7$7,632,306$2,779,911$358,718$4,493,677
8$7,937,599$2,892,869$373,067$4,671,663
9$8,255,102$3,010,345$387,990$4,856,768
10$8,585,307$3,132,521$403,509$5,049,276
11$8,928,719$3,259,583$419,650$5,249,486
12$9,285,868$3,391,728$436,436$5,457,704
13$9,657,302$3,529,159$453,893$5,674,250
14$10,043,594$3,672,087$472,049$5,899,458
15$10,445,338$3,820,732$490,931$6,133,675
16$10,863,152$3,975,323$510,568$6,377,260
17$11,297,678$4,136,098$530,991$6,630,589
18$11,749,585$4,303,304$552,230$6,894,051
19$12,219,568$4,477,198$574,320$7,168,051
20$12,708,351$4,658,047$597,292$7,453,011
21$13,216,685$4,846,131$621,184$7,749,370
22$13,745,352$5,041,738$646,032$8,057,583
23$14,295,167$5,245,169$671,873$8,378,125
24$14,866,973$5,456,737$698,748$8,711,488
25$15,461,652$5,676,769$726,698$9,058,186
26$16,080,118$5,905,601$755,766$9,418,752
27$16,723,323$6,143,587$785,996$9,793,740
28$17,392,256$6,391,092$817,436$10,183,728
29$18,087,946$6,648,497$850,133$10,589,315
30$18,811,464$6,916,199$884,139$11,011,126
Total$338,300,000$123,849,718$15,900,099$198,550,183

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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.