USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Feb 24, 2024

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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 $375,900,000 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, Feb 24, 2024
Jackpot:$375,900,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,657,834$2,050,419$265,918$3,341,497
2$5,940,726$2,155,089$279,214$3,506,423
3$6,237,762$2,264,992$293,175$3,679,595
4$6,549,651$2,380,391$307,834$3,861,426
5$6,877,133$2,501,559$323,225$4,052,348
6$7,220,990$2,628,786$339,387$4,252,817
7$7,582,039$2,762,375$356,356$4,463,309
8$7,961,141$2,902,643$374,174$4,684,325
9$8,359,198$3,049,924$392,882$4,916,392
10$8,777,158$3,204,569$412,526$5,160,063
11$9,216,016$3,366,946$433,153$5,415,917
12$9,676,817$3,537,443$454,810$5,684,564
13$10,160,658$3,716,464$477,551$5,966,643
14$10,668,691$3,904,436$501,428$6,262,826
15$11,202,125$4,101,807$526,500$6,573,819
16$11,762,232$4,309,046$552,825$6,900,361
17$12,350,343$4,526,647$580,466$7,243,230
18$12,967,860$4,755,129$609,489$7,603,242
19$13,616,253$4,995,034$639,964$7,981,255
20$14,297,066$5,246,935$671,962$8,378,169
21$15,011,919$5,511,430$705,560$8,794,929
22$15,762,515$5,789,151$740,838$9,232,526
23$16,550,641$6,080,757$777,880$9,692,003
24$17,378,173$6,386,944$816,774$10,174,454
25$18,247,081$6,708,440$857,613$10,681,028
26$19,159,436$7,046,011$900,493$11,212,931
27$20,117,408$7,400,461$945,518$11,771,428
28$21,123,278$7,772,633$992,794$12,357,851
29$22,179,442$8,163,414$1,042,434$12,973,594
30$23,288,414$8,573,733$1,094,555$13,620,125
Total$375,900,001$137,793,608$17,667,298$220,439,090

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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.