USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Feb 12, 1999

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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 $10,000,000 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 12, 1999
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$7,074$114,470
2$158,040$30,777$7,428$119,836
3$165,942$32,673$7,799$125,470
4$174,239$34,664$8,189$131,386
5$182,951$36,755$8,599$137,597
6$192,099$38,951$9,029$144,119
7$201,704$41,608$9,480$150,615
8$211,789$44,835$9,954$156,999
9$222,378$48,224$10,452$163,702
10$233,497$51,782$10,974$170,741
11$245,172$55,518$11,523$178,131
12$257,431$59,648$12,099$185,683
13$270,302$64,153$12,704$193,445
14$283,817$68,883$13,339$201,595
15$298,008$73,850$14,006$210,152
16$312,909$79,065$14,707$219,137
17$328,554$84,541$15,442$228,571
18$344,982$90,291$16,214$238,477
19$362,231$96,328$17,025$248,878
20$380,342$102,667$17,876$259,799
21$399,359$109,323$18,770$271,266
22$419,327$116,312$19,708$283,307
23$440,294$123,650$20,694$295,950
24$462,308$131,355$21,728$309,225
25$485,424$139,446$22,815$323,163
26$509,695$147,941$23,956$337,799
27$535,180$156,860$25,153$353,166
28$561,939$166,226$26,411$369,302
29$590,036$176,060$27,732$386,244
30$619,537$186,385$29,118$404,034
Total$10,000,000$2,617,741$469,998$6,912,259

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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.