USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Feb 5, 2024

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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 $214,800,000 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, Feb 5, 2024
Jackpot:$214,800,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,233,048$1,154,416$160,036$1,918,597
2$3,394,701$1,214,227$168,038$2,012,436
3$3,564,436$1,277,029$176,440$2,110,967
4$3,742,658$1,342,971$185,262$2,214,425
5$3,929,790$1,412,210$194,525$2,323,056
6$4,126,280$1,484,911$204,251$2,437,118
7$4,332,594$1,561,248$214,463$2,556,883
8$4,549,224$1,641,400$225,187$2,682,637
9$4,776,685$1,725,561$236,446$2,814,678
10$5,015,519$1,813,930$248,268$2,953,321
11$5,266,295$1,906,717$260,682$3,098,896
12$5,529,610$2,004,143$273,716$3,251,751
13$5,806,090$2,106,441$287,401$3,412,248
14$6,096,395$2,213,854$301,772$3,580,769
15$6,401,214$2,326,637$316,860$3,757,717
16$6,721,275$2,445,060$332,703$3,943,513
17$7,057,339$2,569,403$349,338$4,138,597
18$7,410,206$2,699,964$366,805$4,343,437
19$7,780,716$2,837,053$385,145$4,558,518
20$8,169,752$2,980,996$404,403$4,784,353
21$8,578,239$3,132,136$424,623$5,021,480
22$9,007,151$3,290,834$445,854$5,270,464
23$9,457,509$3,457,466$468,147$5,531,896
24$9,930,384$3,632,430$491,554$5,806,400
25$10,426,904$3,816,142$516,132$6,094,630
26$10,948,249$4,009,040$541,938$6,397,271
27$11,495,661$4,211,582$569,035$6,715,044
28$12,070,444$4,424,252$597,487$7,048,705
29$12,673,967$4,647,555$627,361$7,399,050
30$13,307,665$4,882,024$658,729$7,766,912
Total$214,800,000$78,221,632$10,632,601$125,945,769

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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.