USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Apr 27, 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 $42,200,000 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:Sat, Apr 27, 2002
Jackpot:$42,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,430$234,356$35,364$482,710
2$782,527$245,492$36,779$500,256
3$813,828$257,074$38,250$518,505
4$846,382$269,118$39,780$537,483
5$880,237$281,645$41,371$557,221
6$915,446$294,672$43,026$577,748
7$952,064$308,221$44,747$599,096
8$990,147$322,312$46,537$621,298
9$1,029,753$336,966$48,398$644,389
10$1,070,943$352,206$50,334$668,402
11$1,113,780$368,056$52,348$693,377
12$1,158,332$384,540$54,442$719,350
13$1,204,665$401,683$56,619$746,362
14$1,252,852$419,512$58,884$774,455
15$1,302,966$438,055$61,239$803,672
16$1,355,084$457,338$63,689$834,057
17$1,409,288$477,394$66,237$865,657
18$1,465,659$498,251$68,886$898,522
19$1,524,285$519,943$71,641$932,701
20$1,585,257$542,502$74,507$968,248
21$1,648,667$565,964$77,487$1,005,216
22$1,714,614$590,364$80,587$1,043,663
23$1,783,198$615,741$83,810$1,083,647
24$1,854,526$642,132$87,163$1,125,232
25$1,928,707$669,579$90,649$1,168,479
26$2,005,856$698,124$94,275$1,213,457
27$2,086,090$727,811$98,046$1,260,233
28$2,169,534$758,685$101,968$1,308,881
29$2,256,315$790,794$106,047$1,359,474
30$2,346,567$824,187$110,289$1,412,092
Total$42,200,000$14,292,717$1,983,399$25,923,883

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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.