USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for Feb 15, 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 $27,000,000 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:Sat, Feb 15, 2003
Jackpot:$27,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$481,413$137,264$22,626$321,523
2$500,669$144,003$23,531$333,134
3$520,696$151,013$24,473$345,210
4$541,524$158,303$25,452$357,770
5$563,185$165,884$26,470$370,831
6$585,712$173,768$27,528$384,415
7$609,141$181,968$28,630$398,543
8$633,506$190,496$29,775$413,235
9$658,846$199,730$30,966$428,150
10$685,200$209,481$32,204$443,515
11$712,608$219,622$33,493$459,493
12$741,113$230,169$34,832$476,111
13$770,757$241,137$36,226$493,394
14$801,587$252,545$37,675$511,368
15$833,651$264,408$39,182$530,061
16$866,997$276,746$40,749$549,502
17$901,677$289,578$42,379$569,720
18$937,744$302,923$44,074$590,747
19$975,254$316,801$45,837$612,616
20$1,014,264$331,235$47,670$635,359
21$1,054,834$346,246$49,577$659,011
22$1,097,028$361,858$51,560$683,610
23$1,140,909$378,094$53,623$709,193
24$1,186,545$394,979$55,768$735,799
25$1,234,007$412,540$57,998$763,469
26$1,283,367$430,803$60,318$792,246
27$1,334,702$449,797$62,731$822,174
28$1,388,090$469,551$65,240$853,299
29$1,443,614$490,094$67,850$885,670
30$1,501,358$511,460$70,564$919,335
Total$27,000,000$8,682,496$1,269,001$17,048,503

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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.