USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 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 $12,000,000 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, Sep 8, 1998
Jackpot:$12,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$180,617$36,195$8,489$135,933
2$189,648$38,363$8,913$142,372
3$199,130$40,785$9,359$148,987
4$209,087$43,971$9,827$155,289
5$219,541$47,316$10,318$161,907
6$230,518$50,829$10,834$168,855
7$242,044$54,517$11,376$176,151
8$254,147$58,499$11,945$183,703
9$266,854$62,946$12,542$191,366
10$280,197$67,616$13,169$199,411
11$294,206$72,519$13,828$207,859
12$308,917$77,668$14,519$216,730
13$324,363$83,074$15,245$226,043
14$340,581$88,750$16,007$235,823
15$357,610$94,711$16,808$246,091
16$375,490$100,969$17,648$256,873
17$394,265$107,540$18,530$268,194
18$413,978$114,440$19,457$280,081
19$434,677$121,684$20,430$292,563
20$456,411$129,291$21,451$305,668
21$479,231$137,278$22,524$319,429
22$503,193$145,665$23,650$333,878
23$528,352$154,471$24,833$349,049
24$554,770$163,717$26,074$364,979
25$582,509$173,425$27,378$381,705
26$611,634$183,619$28,747$399,268
27$642,216$194,640$30,184$417,392
28$674,327$206,521$31,693$436,112
29$708,043$218,996$33,278$455,769
30$743,445$232,095$34,942$476,408
Total$12,000,000$3,302,110$563,998$8,133,888

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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.