USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jun 8, 2004

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $71,000,000 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, Jun 8, 2004
Jackpot:$71,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,068,652$351,358$50,227$667,067
2$1,122,084$371,129$52,738$698,218
3$1,178,189$391,887$55,375$730,927
4$1,237,098$413,684$58,144$765,271
5$1,298,953$436,570$61,051$801,332
6$1,363,901$460,601$64,103$839,197
7$1,432,096$485,833$67,309$878,955
8$1,503,701$512,326$70,674$920,700
9$1,578,886$540,145$74,208$964,533
10$1,657,830$569,354$77,918$1,010,558
11$1,740,721$600,024$81,814$1,058,883
12$1,827,757$632,227$85,905$1,109,625
13$1,919,145$666,041$90,200$1,162,904
14$2,015,103$701,545$94,710$1,218,848
15$2,115,858$738,825$99,445$1,277,588
16$2,221,651$777,968$104,418$1,339,265
17$2,332,733$819,068$109,638$1,404,026
18$2,449,370$862,224$115,120$1,472,025
19$2,571,838$907,537$120,876$1,543,424
20$2,700,430$955,116$126,920$1,618,394
21$2,835,452$1,005,074$133,266$1,697,111
22$2,977,224$1,057,530$139,930$1,779,764
23$3,126,085$1,112,609$146,926$1,866,551
24$3,282,390$1,170,441$154,272$1,957,676
25$3,446,509$1,231,166$161,986$2,053,358
26$3,618,835$1,294,926$170,085$2,153,823
27$3,799,776$1,361,875$178,589$2,259,312
28$3,989,765$1,432,170$187,519$2,370,076
29$4,189,253$1,505,981$196,895$2,486,377
30$4,398,716$1,583,482$206,740$2,608,494
Total$71,000,000$24,948,716$3,337,001$42,714,282

◄ Back to Jackpot Analysis

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.