USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Feb 17, 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 $17,000,000 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:Tue, Feb 17, 1998
Jackpot:$17,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$255,874$59,931$12,666$183,278
2$268,668$64,409$13,299$190,960
3$282,102$69,110$13,964$199,027
4$296,207$74,047$14,662$207,497
5$311,017$79,231$15,395$216,391
6$326,568$84,673$16,165$225,729
7$342,896$90,388$16,973$235,534
8$360,041$96,389$17,822$245,830
9$378,043$102,690$18,713$256,640
10$396,945$109,306$19,649$267,991
11$416,792$116,252$20,631$279,909
12$437,632$123,546$21,663$292,423
13$459,514$131,205$22,746$305,563
14$482,489$139,246$23,883$319,360
15$506,614$147,690$25,077$333,847
16$531,945$156,555$26,331$349,058
17$558,542$165,864$27,648$365,030
18$586,469$175,639$29,030$381,800
19$615,792$186,031$30,482$399,280
20$646,582$197,423$32,006$417,153
21$678,911$209,385$33,606$435,920
22$712,856$221,945$35,286$455,625
23$748,499$235,132$37,051$476,316
24$785,924$248,980$38,903$498,041
25$825,220$263,519$40,848$520,853
26$866,482$278,786$42,891$544,805
27$909,806$294,816$45,035$569,954
28$955,296$311,647$47,287$596,362
29$1,003,061$329,320$49,652$624,089
30$1,053,214$347,877$52,134$653,203
Total$17,000,000$5,111,032$841,498$11,047,468

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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.