USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Dec 10, 2003

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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 $75,700,000 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, Dec 10, 2003
Jackpot:$75,700,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,349,739$455,360$63,438$830,940
2$1,403,728$475,337$65,975$862,416
3$1,459,877$496,112$68,614$895,151
4$1,518,272$517,718$71,359$929,195
5$1,579,003$540,188$74,213$964,602
6$1,642,163$563,558$77,182$1,001,424
7$1,707,850$587,862$80,269$1,039,719
8$1,776,164$613,138$83,480$1,079,546
9$1,847,210$639,425$86,819$1,120,966
10$1,921,099$666,764$90,292$1,164,043
11$1,997,943$695,196$93,903$1,208,843
12$2,077,860$724,766$97,659$1,255,435
13$2,160,975$755,518$101,566$1,303,891
14$2,247,414$787,500$105,628$1,354,285
15$2,337,310$820,762$109,854$1,406,695
16$2,430,803$855,354$114,248$1,461,201
17$2,528,035$891,330$118,818$1,517,887
18$2,629,156$928,745$123,570$1,576,841
19$2,734,323$967,657$128,513$1,638,153
20$2,843,695$1,008,125$133,654$1,701,917
21$2,957,443$1,050,211$139,000$1,768,232
22$3,075,741$1,093,981$144,560$1,837,200
23$3,198,771$1,139,502$150,342$1,908,926
24$3,326,721$1,186,844$156,356$1,983,521
25$3,459,790$1,236,080$162,610$2,061,101
26$3,598,182$1,287,285$169,115$2,141,783
27$3,742,109$1,340,538$175,879$2,225,692
28$3,891,794$1,395,921$182,914$2,312,958
29$4,047,465$1,453,519$190,231$2,403,715
30$4,209,364$1,513,422$197,840$2,498,102
Total$75,700,000$26,687,718$3,557,901$45,454,380

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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.