USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Mar 12, 2002

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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 $36,000,000 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 12, 2002
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$541,852$159,195$25,467$357,189
2$568,944$168,678$26,740$373,526
3$597,391$178,634$28,077$390,680
4$627,261$189,107$29,481$408,673
5$658,624$200,711$30,955$426,958
6$691,555$212,896$32,503$446,156
7$726,133$225,689$34,128$466,315
8$762,440$239,123$35,835$487,482
9$800,562$253,228$37,626$509,707
10$840,590$268,038$39,508$533,044
11$882,619$283,589$41,483$557,547
12$926,750$299,918$43,557$583,275
13$973,088$317,063$45,735$610,290
14$1,021,742$335,065$48,022$638,655
15$1,072,829$353,967$50,423$668,439
16$1,126,471$373,814$52,944$699,712
17$1,182,794$394,654$55,591$732,549
18$1,241,934$416,536$58,371$767,027
19$1,304,031$439,512$61,289$803,230
20$1,369,232$463,636$64,354$841,242
21$1,437,694$488,967$67,572$881,155
22$1,509,578$515,564$70,950$923,064
23$1,585,057$543,491$74,498$967,068
24$1,664,310$572,815$78,223$1,013,273
25$1,747,526$603,605$82,134$1,061,787
26$1,834,902$635,934$86,240$1,112,728
27$1,926,647$669,880$90,552$1,166,215
28$2,022,980$705,523$95,080$1,222,377
29$2,124,128$742,948$99,834$1,281,347
30$2,230,335$782,244$104,826$1,343,265
Total$36,000,000$12,034,024$1,691,998$22,273,975

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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.