USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Aug 31, 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 $62,400,000 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, Aug 31, 2002
Jackpot:$62,400,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,112,598$369,849$55,074$687,675
2$1,157,102$386,316$57,277$713,510
3$1,203,386$403,441$59,568$740,378
4$1,251,522$421,251$61,950$768,321
5$1,301,583$439,773$64,428$797,381
6$1,353,646$459,037$67,005$827,604
7$1,407,792$479,071$69,686$859,035
8$1,464,103$499,906$72,473$891,724
9$1,522,667$521,575$75,372$925,721
10$1,583,574$544,110$78,387$961,077
11$1,646,917$567,547$81,522$997,848
12$1,712,794$591,921$84,783$1,036,089
13$1,781,306$617,271$88,175$1,075,860
14$1,852,558$643,634$91,702$1,117,222
15$1,926,660$671,052$95,370$1,160,238
16$2,003,726$699,567$99,184$1,204,975
17$2,083,876$729,222$103,152$1,251,502
18$2,167,231$760,063$107,278$1,299,890
19$2,253,920$792,138$111,569$1,350,213
20$2,344,077$825,496$116,032$1,402,549
21$2,437,840$860,188$120,673$1,456,978
22$2,535,353$896,268$125,500$1,513,585
23$2,636,767$933,792$130,520$1,572,456
24$2,742,238$972,816$135,741$1,633,681
25$2,851,928$1,013,401$141,170$1,697,356
26$2,966,005$1,055,609$146,817$1,763,578
27$3,084,645$1,099,506$152,690$1,832,449
28$3,208,031$1,145,159$158,798$1,904,074
29$3,336,352$1,192,638$165,149$1,978,565
30$3,469,806$1,242,016$171,755$2,056,035
Total$62,400,000$21,833,633$3,088,800$37,477,569

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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.