USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Nov 23, 2022

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The tax information provided here is based on 2025 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 $32,200,000 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, Nov 23, 2022
Jackpot:$32,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$484,656$139,177$22,779$322,700
2$508,889$147,658$23,918$337,313
3$534,333$156,564$25,114$352,656
4$561,050$165,915$26,369$368,766
5$589,103$175,733$27,688$385,682
6$618,558$186,042$29,072$403,443
7$649,486$197,330$30,526$421,630
8$681,960$209,345$32,052$440,562
9$716,058$221,962$33,655$460,442
10$751,861$235,209$35,337$481,315
11$789,454$249,118$37,104$503,231
12$828,927$263,723$38,960$526,244
13$870,373$279,058$40,908$550,407
14$913,892$295,160$42,953$575,779
15$959,586$312,067$45,101$602,418
16$1,007,565$329,819$47,356$630,390
17$1,057,944$348,459$49,723$659,761
18$1,110,841$368,031$52,210$690,600
19$1,166,383$388,582$54,820$722,981
20$1,224,702$410,160$57,561$756,981
21$1,285,937$432,817$60,439$792,681
22$1,350,234$456,607$63,461$830,166
23$1,417,746$481,586$66,634$869,526
24$1,488,633$507,814$69,966$910,853
25$1,563,065$535,354$73,464$954,246
26$1,641,218$564,271$77,137$999,810
27$1,723,279$594,633$80,994$1,047,651
28$1,809,443$626,514$85,044$1,097,885
29$1,899,915$659,989$89,296$1,150,630
30$1,994,911$695,137$93,761$1,206,013
Total$32,200,000$10,633,834$1,513,402$20,052,762

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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.