USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Oct 2, 2023

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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 $1,066,200,000 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:Mon, Oct 2, 2023
Jackpot:$1,066,200,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,047,840$5,895,889$794,368$9,357,583
2$16,850,232$6,192,774$834,086$9,823,372
3$17,692,744$6,504,503$875,791$10,312,450
4$18,577,381$6,831,819$919,580$10,825,982
5$19,506,249$7,175,500$965,559$11,365,190
6$20,481,562$7,536,366$1,013,837$11,931,359
7$21,505,641$7,915,275$1,064,529$12,525,837
8$22,580,923$8,313,129$1,117,756$13,150,038
9$23,709,969$8,730,876$1,173,643$13,805,449
10$24,895,467$9,169,511$1,232,326$14,493,631
11$26,140,241$9,630,077$1,293,942$15,216,222
12$27,447,253$10,113,671$1,358,639$15,974,942
13$28,819,615$10,621,445$1,426,571$16,771,599
14$30,260,596$11,154,608$1,497,900$17,608,088
15$31,773,626$11,714,429$1,572,794$18,486,402
16$33,362,307$12,302,242$1,651,434$19,408,632
17$35,030,422$12,919,444$1,734,006$20,376,972
18$36,781,944$13,567,507$1,820,706$21,393,730
19$38,621,040$14,247,973$1,911,742$22,461,326
20$40,552,093$14,962,462$2,007,329$23,582,302
21$42,579,697$15,712,676$2,107,695$24,759,326
22$44,708,682$16,500,400$2,213,080$25,995,202
23$46,944,116$17,327,511$2,323,734$27,292,872
24$49,291,322$18,195,977$2,439,920$28,655,424
25$51,755,888$19,107,866$2,561,916$30,086,105
26$54,343,683$20,065,350$2,690,012$31,588,320
27$57,060,867$21,070,709$2,824,513$33,165,646
28$59,913,910$22,126,334$2,965,739$34,821,837
29$62,909,605$23,234,742$3,114,025$36,560,838
30$66,055,086$24,398,570$3,269,727$38,386,790
Total$1,066,200,002$393,239,635$52,776,899$620,183,466

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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.