USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 22, 2002

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The tax information provided here is based on 2025 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 $12,000,000 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, May 22, 2002
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$213,961$45,531$10,056$158,374
2$222,520$48,269$10,458$163,792
3$231,420$51,118$10,877$169,426
4$240,677$54,080$11,312$175,286
5$250,304$57,160$11,764$181,380
6$260,317$60,658$12,235$187,424
7$270,729$64,302$12,724$193,702
8$281,558$68,093$13,233$200,232
9$292,821$72,034$13,763$207,024
10$304,533$76,134$14,313$214,086
11$316,715$80,397$14,886$221,432
12$329,383$84,831$15,481$229,071
13$342,559$89,443$16,100$237,016
14$356,261$94,239$16,744$245,278
15$370,512$99,226$17,414$253,871
16$385,332$104,413$18,111$262,808
17$400,745$109,808$18,835$272,102
18$416,775$115,419$19,588$281,768
19$433,446$121,253$20,372$291,821
20$450,784$127,322$21,187$302,275
21$468,815$133,633$22,034$313,148
22$487,568$140,196$22,916$324,456
23$507,071$147,022$23,832$336,216
24$527,353$154,121$24,786$348,447
25$548,448$161,504$25,777$361,167
26$570,386$169,182$26,808$374,395
27$593,201$177,168$27,880$388,153
28$616,929$185,472$28,996$402,461
29$641,606$194,415$30,155$417,036
30$667,270$203,910$31,362$431,998
Total$12,000,000$3,290,353$563,999$8,145,645

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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.