USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 25, 2013

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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 $50,000,000 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, May 25, 2013
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$891,505$288,045$44,129$559,331
2$927,165$301,239$45,895$580,032
3$964,252$314,961$47,730$601,560
4$1,002,822$329,232$49,640$623,950
5$1,042,935$344,074$51,625$647,236
6$1,084,652$359,509$53,690$671,453
7$1,128,038$375,562$55,838$696,638
8$1,173,160$392,257$58,071$722,831
9$1,220,086$409,620$60,394$750,072
10$1,268,890$427,677$62,810$778,403
11$1,319,645$446,456$65,322$807,866
12$1,372,431$465,987$67,935$838,508
13$1,427,328$486,299$70,653$870,376
14$1,484,421$507,424$73,479$903,519
15$1,543,798$529,393$76,418$937,987
16$1,605,550$552,241$79,475$973,834
17$1,669,772$576,003$82,654$1,011,115
18$1,736,563$600,716$85,960$1,049,887
19$1,806,025$626,417$89,398$1,090,210
20$1,878,266$653,146$92,974$1,132,146
21$1,953,397$680,945$96,693$1,175,759
22$2,031,533$709,855$100,561$1,221,117
23$2,112,794$739,922$104,583$1,268,289
24$2,197,306$771,191$108,767$1,317,348
25$2,285,198$803,711$113,117$1,368,370
26$2,376,606$837,532$117,642$1,421,432
27$2,471,671$872,706$122,348$1,476,617
28$2,570,537$909,287$127,242$1,534,009
29$2,673,359$947,331$132,331$1,593,697
30$2,780,293$986,896$137,625$1,655,772
Total$50,000,000$17,245,634$2,474,999$30,279,364

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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.