USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jul 22, 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 $170,000,000 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, Jul 22, 2005
Jackpot:$170,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,558,744$902,693$120,261$1,535,790
2$2,686,681$950,029$126,274$1,610,378
3$2,821,015$999,733$132,588$1,688,695
4$2,962,066$1,051,922$139,217$1,770,927
5$3,110,169$1,106,720$146,178$1,857,271
6$3,265,678$1,164,258$153,487$1,947,933
7$3,428,962$1,224,673$161,161$2,043,127
8$3,600,410$1,288,109$169,219$2,143,082
9$3,780,430$1,354,716$177,680$2,248,034
10$3,969,452$1,424,654$186,564$2,358,233
11$4,167,924$1,498,089$195,892$2,473,943
12$4,376,321$1,575,196$205,687$2,595,438
13$4,595,137$1,656,158$215,971$2,723,007
14$4,824,893$1,741,168$226,770$2,856,956
15$5,066,138$1,830,428$238,108$2,997,601
16$5,319,445$1,924,152$250,014$3,145,279
17$5,585,417$2,022,562$262,515$3,300,341
18$5,864,688$2,125,892$275,640$3,463,156
19$6,157,922$2,234,389$289,422$3,634,112
20$6,465,819$2,348,310$303,893$3,813,615
21$6,789,109$2,467,928$319,088$4,002,094
22$7,128,565$2,593,526$335,043$4,199,996
23$7,484,993$2,725,405$351,795$4,407,794
24$7,859,243$2,863,877$369,384$4,625,981
25$8,252,205$3,009,273$387,854$4,855,078
26$8,664,815$3,161,939$407,246$5,095,630
27$9,098,056$3,322,238$427,609$5,348,209
28$9,552,959$3,490,552$448,989$5,613,418
29$10,030,607$3,667,282$471,439$5,891,886
30$10,532,137$3,852,848$495,010$6,184,279
Total$170,000,000$61,578,719$7,989,998$100,431,283

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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.