USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2021 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 $850,000,000 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 prize money, as well as deductions claimed.

State:

Missouri

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 5.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$690,861$7,405,110
2$13,433,406$4,934,432$725,404$7,773,570
3$14,105,076$5,182,950$761,674$8,160,451
4$14,810,330$5,443,894$799,758$8,566,678
5$15,550,846$5,717,885$839,746$8,993,215
6$16,328,389$6,005,576$881,733$9,441,080
7$17,144,809$6,307,651$925,820$9,911,337
8$18,002,049$6,624,830$972,111$10,405,108
9$18,902,151$6,957,868$1,020,716$10,923,567
10$19,847,259$7,307,558$1,071,752$11,467,949
11$20,839,622$7,674,732$1,125,340$12,039,550
12$21,881,603$8,060,265$1,181,607$12,639,731
13$22,975,683$8,465,075$1,240,687$13,269,921
14$24,124,467$8,890,125$1,302,721$13,931,621
15$25,330,690$9,336,428$1,367,857$14,626,405
16$26,597,225$9,805,046$1,436,250$15,355,929
17$27,927,086$10,297,094$1,508,063$16,121,929
18$29,323,440$10,813,745$1,583,466$16,926,229
19$30,789,612$11,356,229$1,662,639$17,770,744
20$32,329,093$11,925,837$1,745,771$18,657,485
21$33,945,547$12,523,925$1,833,060$19,588,563
22$35,642,825$13,151,917$1,924,713$20,566,195
23$37,424,966$13,811,310$2,020,948$21,592,708
24$39,296,214$14,503,671$2,121,996$22,670,547
25$41,261,025$15,230,651$2,228,095$23,802,278
26$43,324,077$15,993,981$2,339,500$24,990,596
27$45,490,280$16,795,476$2,456,475$26,238,329
28$47,764,794$17,637,046$2,579,299$27,548,449
29$50,153,034$18,520,695$2,708,264$28,924,075
30$52,660,686$19,448,526$2,843,677$30,368,483
Total$850,000,002$313,422,167$45,900,003$490,677,832

◄ Back to Jackpot Analysis

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.