USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2005

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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 $25,000,000 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, Nov 25, 2005
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$100,469$17,685$258,131
2$395,100$107,054$18,570$269,476
3$414,855$113,969$19,498$281,388
4$435,598$121,229$20,473$293,896
5$457,378$128,851$21,497$307,030
6$480,247$136,856$22,572$320,820
7$504,259$145,260$23,700$335,299
8$529,472$154,084$24,885$350,502
9$555,946$163,350$26,129$366,466
10$583,743$173,079$27,436$383,228
11$612,930$183,295$28,808$400,828
12$643,577$194,081$30,248$419,248
13$675,755$205,987$31,761$438,008
14$709,543$218,488$33,349$457,706
15$745,020$231,615$35,016$478,390
16$782,271$245,398$36,767$500,107
17$821,385$259,870$38,605$522,910
18$862,454$275,065$40,535$546,854
19$905,577$291,021$42,562$571,994
20$950,856$307,774$44,690$598,392
21$998,398$325,365$46,925$626,109
22$1,048,318$343,835$49,271$655,212
23$1,100,734$363,229$51,735$685,771
24$1,155,771$383,593$54,321$717,857
25$1,213,560$404,974$57,037$751,548
26$1,274,238$427,425$59,889$786,923
27$1,337,949$450,999$62,884$824,067
28$1,404,847$475,751$66,028$863,068
29$1,475,089$501,740$69,329$904,020
30$1,548,844$529,029$72,796$947,019
Total$25,000,000$7,962,735$1,175,001$15,862,267

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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.