USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Jul 13, 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 $30,200,000 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, Jul 13, 2002
Jackpot:$30,200,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$538,469$158,011$25,308$355,150
2$560,008$165,550$26,320$368,137
3$582,408$173,390$27,373$381,645
4$605,704$181,544$28,468$395,692
5$629,933$190,095$29,607$410,230
6$655,130$199,418$30,791$424,920
7$681,335$209,114$32,023$440,198
8$708,588$219,198$33,304$456,087
9$736,932$229,685$34,636$472,611
10$766,409$240,592$36,021$489,796
11$797,066$251,935$37,462$507,669
12$828,948$263,731$38,961$526,257
13$862,106$276,000$40,519$545,588
14$896,590$288,759$42,140$565,692
15$932,454$302,028$43,825$586,600
16$969,752$315,829$45,578$608,345
17$1,008,542$330,181$47,401$630,960
18$1,048,884$345,107$49,298$654,479
19$1,090,839$360,631$51,269$678,939
20$1,134,473$376,775$53,320$704,377
21$1,179,852$393,565$55,453$730,833
22$1,227,046$411,027$57,671$758,348
23$1,276,128$429,188$59,978$786,962
24$1,327,173$448,074$62,377$816,722
25$1,380,260$467,716$64,872$847,671
26$1,435,470$488,144$67,467$879,859
27$1,492,889$509,389$70,166$913,334
28$1,552,605$531,484$72,972$948,148
29$1,614,709$554,462$75,891$984,355
30$1,679,297$578,360$78,927$1,022,010
Total$30,200,000$9,888,982$1,419,398$18,891,614

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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.