USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Mar 24, 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 $30,000,000 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, Mar 24, 1998
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$451,543$127,587$21,223$302,733
2$474,120$135,489$22,284$316,347
3$497,826$143,786$23,398$330,642
4$522,718$152,498$24,568$345,651
5$548,853$161,646$25,796$361,411
6$576,296$171,251$27,086$377,959
7$605,111$181,336$28,440$395,335
8$635,366$192,106$29,862$413,398
9$667,135$203,860$31,355$431,919
10$700,491$216,202$32,923$451,366
11$735,516$229,161$34,569$471,786
12$772,292$242,768$36,298$493,226
13$810,906$257,056$38,113$515,738
14$851,452$272,057$40,018$539,376
15$894,024$287,809$42,019$564,196
16$938,726$304,349$44,120$590,257
17$985,662$321,715$46,326$617,621
18$1,034,945$339,950$48,642$646,353
19$1,086,692$359,096$51,075$676,521
20$1,141,027$379,200$53,628$708,198
21$1,198,078$400,309$56,310$741,459
22$1,257,982$422,474$59,125$776,383
23$1,320,881$445,746$62,081$813,053
24$1,386,925$470,183$65,185$851,557
25$1,456,271$495,841$68,445$891,986
26$1,529,085$522,782$71,867$934,436
27$1,605,539$551,070$75,460$979,009
28$1,685,816$580,772$79,233$1,025,811
29$1,770,107$611,960$83,195$1,074,952
30$1,858,612$644,707$87,355$1,126,551
Total$30,000,000$9,824,766$1,409,999$18,765,230

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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.