USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Dec 20, 2000

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The tax information provided here is based on 2026 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 $24,000,000 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, Dec 20, 2000
Jackpot:$24,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$427,922$118,542$20,112$289,268
2$445,039$124,533$20,917$299,589
3$462,841$130,764$21,754$310,324
4$481,354$137,243$22,624$321,488
5$500,609$143,982$23,529$333,098
6$520,633$150,991$24,470$345,172
7$541,458$158,280$25,449$357,730
8$563,117$165,860$26,466$370,790
9$585,641$173,744$27,525$384,372
10$609,067$181,943$28,626$398,498
11$633,430$190,470$29,771$413,189
12$658,767$199,701$30,962$428,104
13$685,118$209,451$32,201$443,466
14$712,522$219,590$33,489$459,443
15$741,023$230,136$34,828$476,059
16$770,664$241,103$36,221$493,340
17$801,491$252,509$37,670$511,312
18$833,550$264,371$39,177$530,003
19$866,892$276,707$40,744$549,441
20$901,568$289,537$42,374$569,657
21$937,631$302,881$44,069$590,681
22$975,136$316,758$45,831$612,547
23$1,014,141$331,190$47,665$635,287
24$1,054,707$346,199$49,571$658,937
25$1,096,895$361,808$51,554$683,533
26$1,140,771$378,043$53,616$709,112
27$1,186,402$394,926$55,761$735,715
28$1,233,858$412,485$57,991$763,382
29$1,283,212$430,746$60,311$792,155
30$1,334,541$449,737$62,723$822,080
Total$24,000,000$7,584,230$1,128,001$15,287,772

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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.