USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jan 23, 2002

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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 $80,800,000 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:Wed, Jan 23, 2002
Jackpot:$80,800,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,440,672$489,006$67,712$883,955
2$1,498,299$510,328$70,420$917,551
3$1,558,231$532,503$73,237$952,491
4$1,620,560$555,564$76,166$988,829
5$1,685,382$579,549$79,213$1,026,621
6$1,752,798$604,492$82,381$1,065,924
7$1,822,910$630,434$85,677$1,106,799
8$1,895,826$657,413$89,104$1,149,309
9$1,971,659$685,471$92,668$1,193,520
10$2,050,525$714,652$96,375$1,239,499
11$2,132,547$744,999$100,230$1,287,317
12$2,217,848$776,561$104,239$1,337,048
13$2,306,562$809,385$108,408$1,388,769
14$2,398,825$843,522$112,745$1,442,558
15$2,494,778$879,025$117,255$1,498,498
16$2,594,569$915,948$121,945$1,556,676
17$2,698,352$954,347$126,823$1,617,182
18$2,806,286$994,283$131,895$1,680,107
19$2,918,537$1,035,816$137,171$1,745,550
20$3,035,279$1,079,010$142,658$1,813,610
21$3,156,690$1,123,932$148,364$1,884,393
22$3,282,957$1,170,651$154,299$1,958,007
23$3,414,276$1,219,239$160,471$2,034,565
24$3,550,847$1,269,771$166,890$2,114,186
25$3,692,881$1,322,323$173,565$2,196,992
26$3,840,596$1,376,978$180,508$2,283,110
27$3,994,220$1,433,819$187,728$2,372,673
28$4,153,988$1,492,933$195,237$2,465,818
29$4,320,148$1,554,412$203,047$2,562,689
30$4,492,954$1,618,350$211,169$2,663,435
Total$80,800,000$28,574,716$3,797,600$48,427,681

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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.