USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 1998

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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 $15,000,000 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, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,310$10,611$165,850
2$237,060$52,922$11,142$172,996
3$248,913$56,715$11,699$180,499
4$261,359$61,023$12,284$188,052
5$274,427$65,597$12,898$195,932
6$288,148$70,399$13,543$204,206
7$302,555$75,442$14,220$212,894
8$317,683$80,736$14,931$222,016
9$333,567$86,296$15,678$231,594
10$350,246$92,133$16,462$241,651
11$367,758$98,263$17,285$252,211
12$386,146$104,698$18,149$263,299
13$405,453$111,456$19,056$274,941
14$425,726$118,551$20,009$287,165
15$447,012$126,002$21,010$300,001
16$469,363$133,824$22,060$313,479
17$492,831$142,038$23,163$327,630
18$517,472$150,663$24,321$342,489
19$543,346$159,718$25,537$358,090
20$570,513$169,227$26,814$374,472
21$599,039$179,211$28,155$391,673
22$628,991$189,747$29,563$409,682
23$660,441$201,383$31,041$428,017
24$693,463$213,601$32,593$447,268
25$728,136$226,430$34,222$467,483
26$764,543$239,901$35,933$488,708
27$802,770$254,045$37,730$510,994
28$842,908$268,896$39,617$534,395
29$885,054$284,490$41,598$558,966
30$929,306$300,864$43,677$584,765
Total$15,000,000$4,363,581$705,001$9,931,418

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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.