USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for May 30, 1997

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

The tax information provided here is based on 2025 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 $8,000,000 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, May 30, 1997
Jackpot:$8,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$120,411$21,746$5,659$93,006
2$126,432$23,191$5,942$97,299
3$132,754$24,708$6,239$101,806
4$139,391$26,301$6,551$106,539
5$146,361$27,974$6,879$111,508
6$153,679$29,730$7,223$116,726
7$161,363$31,574$7,584$122,205
8$169,431$33,510$7,963$127,957
9$177,903$35,544$8,361$133,998
10$186,798$37,678$8,779$140,340
11$196,138$39,920$9,218$146,999
12$205,944$42,965$9,679$153,300
13$216,242$46,260$10,163$159,818
14$227,054$49,720$10,672$166,662
15$238,406$53,353$11,205$173,848
16$250,327$57,168$11,765$181,394
17$262,843$61,542$12,354$188,947
18$275,985$66,142$12,971$196,872
19$289,785$70,972$13,620$205,193
20$304,274$76,043$14,301$213,930
21$319,488$81,368$15,016$223,104
22$335,462$86,959$15,767$232,736
23$352,235$92,829$16,555$242,850
24$369,847$98,994$17,383$253,470
25$388,339$105,466$18,252$264,621
26$407,756$112,262$19,165$276,330
27$428,144$119,398$20,123$288,623
28$449,551$126,890$21,129$301,532
29$472,029$134,757$22,185$315,086
30$495,630$143,018$23,295$329,318
Total$8,000,000$1,957,982$375,998$5,666,017

◄ 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.