USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 10, 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 $29,400,000 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, May 10, 2000
Jackpot:$29,400,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$524,205$152,241$24,638$347,326
2$545,173$159,580$25,623$359,970
3$566,980$167,212$26,648$373,120
4$589,659$175,150$27,714$386,795
5$613,246$183,405$28,823$401,018
6$637,775$191,991$29,975$415,809
7$663,286$201,373$31,174$430,739
8$689,818$211,190$32,421$446,207
9$717,411$221,399$33,718$462,293
10$746,107$232,017$35,067$479,023
11$775,951$243,059$36,470$496,422
12$806,989$254,543$37,929$514,518
13$839,269$266,487$39,446$533,337
14$872,840$278,908$41,023$552,908
15$907,753$291,826$42,664$573,263
16$944,063$305,261$44,371$594,432
17$981,826$319,233$46,146$616,447
18$1,021,099$333,764$47,992$639,343
19$1,061,943$348,876$49,911$663,156
20$1,104,421$364,593$51,908$687,920
21$1,148,598$380,938$53,984$713,675
22$1,194,541$397,938$56,143$740,460
23$1,242,323$415,617$58,389$768,317
24$1,292,016$434,003$60,725$797,288
25$1,343,697$453,125$63,154$827,418
26$1,397,445$473,012$65,680$858,753
27$1,453,342$493,694$68,307$891,341
28$1,511,476$515,203$71,039$925,233
29$1,571,935$537,573$73,881$960,481
30$1,634,812$560,838$76,836$997,138
Total$29,400,000$9,564,049$1,381,799$18,454,150

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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.