USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Apr 24, 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 $28,200,000 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, Apr 24, 2023
Jackpot:$28,200,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$424,450$118,932$21,010$284,508
2$445,673$126,360$22,061$297,252
3$467,957$134,160$23,164$310,633
4$491,354$142,349$24,322$324,684
5$515,922$150,948$25,538$339,437
6$541,718$159,976$26,815$354,927
7$568,804$169,456$28,156$371,192
8$597,244$179,410$29,564$388,271
9$627,107$190,217$31,042$405,848
10$658,462$201,819$32,594$424,049
11$691,385$214,000$34,224$443,161
12$725,954$226,791$35,935$463,229
13$762,252$240,221$37,731$484,300
14$800,365$254,323$39,618$506,424
15$840,383$269,129$41,599$529,655
16$882,402$284,677$43,679$554,047
17$926,522$301,001$45,863$579,658
18$972,848$318,142$48,156$606,551
19$1,021,491$336,139$50,564$634,788
20$1,072,565$355,037$53,092$664,436
21$1,126,193$374,879$55,747$695,568
22$1,182,503$395,714$58,534$728,255
23$1,241,628$417,590$61,461$762,577
24$1,303,710$440,560$64,534$798,616
25$1,368,895$464,679$67,760$836,456
26$1,437,340$490,004$71,148$876,188
27$1,509,207$516,594$74,706$917,907
28$1,584,667$544,515$78,441$961,712
29$1,663,901$573,831$82,363$1,007,707
30$1,747,096$604,613$86,481$1,056,001
Total$28,200,000$9,196,066$1,395,902$17,608,037

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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.