USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Aug 9, 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 $16,000,000 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, Aug 9, 2000
Jackpot:$16,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$285,282$68,618$13,408$203,256
2$296,693$72,612$13,945$210,137
3$308,561$76,765$14,502$217,293
4$320,903$81,085$15,082$224,735
5$333,739$85,578$15,686$232,475
6$347,089$90,250$16,313$240,525
7$360,972$95,110$16,966$248,897
8$375,411$100,163$17,644$257,604
9$390,428$105,419$18,350$266,659
10$406,045$110,885$19,084$276,076
11$422,286$116,570$19,847$285,869
12$439,178$122,482$20,641$296,055
13$456,745$128,630$21,467$306,648
14$475,015$135,024$22,326$317,665
15$494,015$141,675$23,219$329,122
16$513,776$148,591$24,147$341,038
17$534,327$155,784$25,113$353,430
18$555,700$163,264$26,118$366,318
19$577,928$171,044$27,163$379,721
20$601,045$179,135$28,249$393,661
21$625,087$187,550$29,379$408,158
22$650,091$196,491$30,554$423,046
23$676,094$206,112$31,776$438,206
24$703,138$216,118$33,047$453,972
25$731,263$226,525$34,369$470,369
26$760,514$237,347$35,744$487,422
27$790,935$248,603$37,174$505,158
28$822,572$260,309$38,661$523,602
29$855,475$272,483$40,207$542,785
30$889,694$285,144$41,816$562,734
Total$16,000,000$4,685,366$751,997$10,562,636

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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.