USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Oct 2, 2002

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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 $22,100,000 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, Oct 2, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$108,291$19,505$266,249
2$409,807$113,807$20,285$275,714
3$426,199$119,544$21,097$285,558
4$443,247$125,511$21,941$295,795
5$460,977$131,717$22,818$306,442
6$479,416$138,170$23,731$317,515
7$498,593$144,882$24,680$329,030
8$518,537$151,863$25,668$341,006
9$539,278$159,122$26,694$353,462
10$560,849$166,672$27,762$366,415
11$583,283$174,524$28,873$379,887
12$606,614$182,690$30,027$393,897
13$630,879$191,613$31,229$408,038
14$656,114$200,950$32,478$422,687
15$682,359$210,660$33,777$437,922
16$709,653$220,759$35,128$453,766
17$738,039$231,262$36,533$470,244
18$767,561$242,185$37,994$487,381
19$798,263$253,545$39,514$505,204
20$830,194$265,359$41,095$523,740
21$863,402$277,646$42,738$543,017
22$897,938$290,425$44,448$563,065
23$933,855$303,714$46,226$583,915
24$971,209$317,535$48,075$605,599
25$1,010,058$331,909$49,998$628,151
26$1,050,460$346,858$51,998$651,604
27$1,092,478$362,405$54,078$675,996
28$1,136,178$378,573$56,241$701,363
29$1,181,625$395,389$58,490$727,745
30$1,228,890$412,877$60,830$755,183
Total$22,100,000$6,950,457$1,093,951$14,055,590

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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.