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Missouri Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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The tax information provided here is based on 2022 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 Mega Millions 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 $350,000,000 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:Fri, Oct 6, 2023
Jackpot:$350,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,268,002$1,912,116$260,766$3,095,120
2$5,531,402$2,009,574$273,804$3,248,024
3$5,807,972$2,111,905$287,495$3,408,573
4$6,098,371$2,219,352$301,869$3,577,150
5$6,403,290$2,332,172$316,963$3,754,155
6$6,723,454$2,450,633$332,811$3,940,010
7$7,059,627$2,575,017$349,452$4,135,159
8$7,412,608$2,705,620$366,924$4,340,064
9$7,783,239$2,842,753$385,270$4,555,215
10$8,172,401$2,986,743$404,534$4,781,124
11$8,581,021$3,137,933$424,761$5,018,328
12$9,010,072$3,296,682$445,999$5,267,392
13$9,460,575$3,463,368$468,298$5,528,909
14$9,933,604$3,638,389$491,713$5,803,502
15$10,430,284$3,822,160$516,299$6,091,825
16$10,951,799$4,015,120$542,114$6,394,564
17$11,499,388$4,217,729$569,220$6,712,440
18$12,074,358$4,430,467$597,681$7,046,210
19$12,678,076$4,653,843$627,565$7,396,668
20$13,311,979$4,888,387$658,943$7,764,649
21$13,977,578$5,134,659$691,890$8,151,029
22$14,676,457$5,393,244$726,485$8,556,728
23$15,410,280$5,664,759$762,809$8,982,713
24$16,180,794$5,949,849$800,949$9,429,996
25$16,989,834$6,249,193$840,997$9,899,643
26$17,839,326$6,563,506$883,047$10,392,774
27$18,731,292$6,893,533$927,199$10,910,560
28$19,667,856$7,240,062$973,559$11,454,236
29$20,651,249$7,603,917$1,022,237$12,025,095
30$21,683,812$7,985,965$1,073,349$12,624,498
Total$350,000,001$128,388,650$17,325,002$204,286,353

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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.