USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 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 $13,000,000 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, Jun 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$40,300$9,686$145,683
2$205,452$43,431$10,170$151,851
3$215,725$46,718$10,678$158,328
4$226,511$50,170$11,212$165,129
5$237,836$53,794$11,773$172,269
6$249,728$57,780$12,362$179,587
7$262,215$62,150$12,980$187,085
8$275,325$66,739$13,629$194,958
9$289,092$71,557$14,310$203,225
10$303,546$76,616$15,026$211,905
11$318,724$81,928$15,777$221,019
12$334,660$87,506$16,566$230,588
13$351,393$93,362$17,394$240,637
14$368,962$99,512$18,264$251,187
15$387,411$105,968$19,177$262,265
16$406,781$112,748$20,136$273,897
17$427,120$119,867$21,142$286,111
18$448,476$127,341$22,200$298,935
19$470,900$135,190$23,310$312,401
20$494,445$143,430$24,475$326,539
21$519,167$152,083$25,699$341,385
22$545,126$161,169$26,984$356,973
23$572,382$170,708$28,333$373,341
24$601,001$180,725$29,750$390,526
25$631,051$191,677$31,237$408,137
26$662,604$203,351$32,799$426,454
27$695,734$215,609$34,439$445,686
28$730,520$228,480$36,161$465,879
29$767,046$241,995$37,969$487,083
30$805,399$256,185$39,867$509,346
Total$13,000,000$3,678,089$643,505$8,678,409

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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.