USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2000

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The tax information provided here is based on 2026 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 $63,000,000 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 12, 2000
Jackpot:$63,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,240$306,806$44,567$596,867
2$995,652$324,349$46,796$624,508
3$1,045,435$342,768$49,135$653,531
4$1,097,707$362,109$51,592$684,006
5$1,152,592$382,416$54,172$716,004
6$1,210,222$403,739$56,880$749,602
7$1,270,733$426,128$59,724$784,880
8$1,334,270$449,637$62,711$821,922
9$1,400,983$474,321$65,846$860,816
10$1,471,032$500,239$69,139$901,654
11$1,544,584$527,453$72,595$944,535
12$1,621,813$556,028$76,225$989,560
13$1,702,904$586,032$80,036$1,036,836
14$1,788,049$617,535$84,038$1,086,475
15$1,877,451$650,614$88,240$1,138,597
16$1,971,324$685,347$92,652$1,193,324
17$2,069,890$721,817$97,285$1,250,789
18$2,173,384$760,109$102,149$1,311,126
19$2,282,054$800,317$107,257$1,374,480
20$2,396,156$842,535$112,619$1,441,002
21$2,515,964$886,864$118,250$1,510,850
22$2,641,762$933,409$124,163$1,584,190
23$2,773,850$982,282$130,371$1,661,198
24$2,912,543$1,033,598$136,890$1,742,055
25$3,058,170$1,087,480$143,734$1,826,956
26$3,211,079$1,144,056$150,921$1,916,102
27$3,371,633$1,203,461$158,467$2,009,705
28$3,540,214$1,265,836$166,390$2,107,988
29$3,717,225$1,331,330$174,710$2,211,185
30$3,903,086$1,400,099$183,445$2,319,542
Total$63,000,000$21,988,714$2,960,999$38,050,285

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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.