USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 9, 1998

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The tax information provided here is based on 2024 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 $14,000,000 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, Jan 9, 1998
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$210,720$45,117$10,431$155,173
2$221,256$48,488$10,952$161,815
3$232,319$52,029$11,500$168,791
4$243,935$55,752$12,075$176,108
5$256,132$60,021$12,679$183,432
6$268,938$64,503$13,312$191,123
7$282,385$69,210$13,978$199,197
8$296,504$74,151$14,677$207,676
9$311,330$79,340$15,411$216,579
10$326,896$84,788$16,181$225,926
11$343,241$90,509$16,990$235,741
12$360,403$96,516$17,840$246,047
13$378,423$102,823$18,732$256,868
14$397,344$109,445$19,669$268,230
15$417,211$116,399$20,652$280,161
16$438,072$123,700$21,685$292,687
17$459,976$131,366$22,769$305,841
18$482,974$139,416$23,907$319,651
19$507,123$147,868$25,103$334,153
20$532,479$156,742$26,358$349,379
21$559,103$166,061$27,676$365,367
22$587,058$175,845$29,059$382,154
23$616,411$186,260$30,512$399,639
24$647,232$197,664$32,038$417,530
25$679,593$209,637$33,640$436,316
26$713,573$222,210$35,322$456,041
27$749,252$235,411$37,088$476,753
28$786,714$249,272$38,942$498,500
29$826,050$263,826$40,889$521,334
30$867,352$279,108$42,934$545,310
Total$14,000,000$4,033,477$693,001$9,273,522

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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.