USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jun 5, 2021

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The tax information provided here is based on 2021 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 $285,600,000 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 prize money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, Jun 5, 2021
Jackpot:$285,600,000
Federal Tax:37% marginal rate
State Tax: 5.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,298,690$1,554,587$232,129$2,511,973
2$4,513,624$1,634,113$243,736$2,635,775
3$4,739,306$1,717,615$255,922$2,765,768
4$4,976,271$1,805,293$268,719$2,902,260
5$5,225,084$1,897,353$282,155$3,045,576
6$5,486,339$1,994,018$296,262$3,196,059
7$5,760,656$2,095,515$311,075$3,354,065
8$6,048,688$2,202,087$326,629$3,519,972
9$6,351,123$2,313,988$342,961$3,694,174
10$6,668,679$2,431,483$360,109$3,877,087
11$7,002,113$2,554,854$378,114$4,069,145
12$7,352,219$2,684,393$397,020$4,270,806
13$7,719,829$2,820,409$416,871$4,482,549
14$8,105,821$2,963,226$437,714$4,704,881
15$8,511,112$3,113,184$459,600$4,938,328
16$8,936,668$3,270,639$482,580$5,183,448
17$9,383,501$3,435,968$506,709$5,440,824
18$9,852,676$3,609,562$532,044$5,711,069
19$10,345,310$3,791,837$558,647$5,994,826
20$10,862,575$3,983,225$586,579$6,292,771
21$11,405,704$4,184,183$615,908$6,605,613
22$11,975,989$4,395,188$646,703$6,934,097
23$12,574,789$4,616,744$679,039$7,279,006
24$13,203,528$4,849,378$712,991$7,641,160
25$13,863,704$5,093,643$748,640$8,021,421
26$14,556,890$5,350,121$786,072$8,420,696
27$15,284,734$5,619,424$825,376$8,839,935
28$16,048,971$5,902,191$866,644$9,280,135
29$16,851,419$6,199,097$909,977$9,742,345
30$17,693,990$6,510,849$955,475$10,227,666
Total$285,600,001$104,594,167$15,422,400$165,583,430

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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.