USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $134,500,000 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, Sep 11, 2024
Jackpot:$134,500,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,024,418$707,222$100,209$1,216,987
2$2,125,639$744,674$105,219$1,275,746
3$2,231,921$783,998$110,480$1,337,442
4$2,343,517$825,289$116,004$1,402,224
5$2,460,693$868,644$121,804$1,470,244
6$2,583,727$914,167$127,895$1,541,666
7$2,712,914$961,966$134,289$1,616,659
8$2,848,559$1,012,155$141,004$1,695,401
9$2,990,987$1,064,853$148,054$1,778,080
10$3,140,537$1,120,186$155,457$1,864,894
11$3,297,564$1,178,286$163,229$1,956,048
12$3,462,442$1,239,291$171,391$2,051,760
13$3,635,564$1,303,346$179,960$2,152,257
14$3,817,342$1,370,604$188,958$2,257,779
15$4,008,209$1,441,225$198,406$2,368,578
16$4,208,620$1,515,377$208,327$2,484,916
17$4,419,051$1,593,236$218,743$2,607,071
18$4,640,003$1,674,989$229,680$2,735,334
19$4,872,003$1,760,829$241,164$2,870,010
20$5,115,604$1,850,961$253,222$3,011,420
21$5,371,384$1,945,600$265,883$3,159,900
22$5,639,953$2,044,970$279,178$3,315,805
23$5,921,951$2,149,309$293,137$3,479,505
24$6,218,048$2,258,866$307,793$3,651,389
25$6,528,950$2,373,899$323,183$3,831,868
26$6,855,398$2,494,685$339,342$4,021,371
27$7,198,168$2,621,510$356,309$4,220,349
28$7,558,076$2,754,676$374,125$4,429,275
29$7,935,980$2,894,500$392,831$4,648,649
30$8,332,779$3,041,316$412,473$4,878,991
Total$134,500,000$48,510,629$6,657,749$79,331,618

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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.