USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$137,061$23,096$306,437
2$489,924$145,226$24,251$320,446
3$514,420$153,800$25,464$335,156
4$540,141$162,807$26,737$350,597
5$567,149$172,800$28,074$366,275
6$595,506$183,292$29,478$382,736
7$625,281$194,309$30,951$400,021
8$656,545$205,877$32,499$418,170
9$689,373$218,023$34,124$437,226
10$723,841$230,776$35,830$457,235
11$760,033$244,167$37,622$478,244
12$798,035$258,228$39,503$500,304
13$837,937$272,992$41,478$523,467
14$879,834$288,493$43,552$547,788
15$923,825$304,770$45,729$573,326
16$970,016$321,861$48,016$600,140
17$1,018,517$339,806$50,417$628,294
18$1,069,443$358,649$52,937$657,857
19$1,122,915$378,434$55,584$688,897
20$1,179,061$399,208$58,364$721,490
21$1,238,014$421,020$61,282$755,712
22$1,299,915$443,923$64,346$791,646
23$1,364,911$467,972$67,563$829,376
24$1,433,156$493,223$70,941$868,992
25$1,504,814$519,736$74,488$910,589
26$1,580,055$547,575$78,213$954,267
27$1,659,057$576,806$82,123$1,000,128
28$1,742,010$607,499$86,230$1,048,282
29$1,829,111$639,726$90,541$1,098,844
30$1,920,566$673,564$95,068$1,151,934
Total$31,000,000$10,361,623$1,534,501$19,103,876

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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.