USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $131,000,000 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, Sep 2, 2005
Jackpot:$131,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,971,738$685,500$92,672$1,193,566
2$2,070,325$721,977$97,305$1,251,042
3$2,173,841$760,278$102,171$1,311,392
4$2,282,533$800,495$107,279$1,374,760
5$2,396,660$842,721$112,643$1,441,295
6$2,516,493$887,060$118,275$1,511,158
7$2,642,318$933,615$124,189$1,584,514
8$2,774,433$982,498$130,398$1,661,537
9$2,913,155$1,033,825$136,918$1,742,412
10$3,058,813$1,087,718$143,764$1,827,331
11$3,211,753$1,144,306$150,952$1,916,495
12$3,372,341$1,203,723$158,500$2,010,118
13$3,540,958$1,266,112$166,425$2,108,421
14$3,718,006$1,331,620$174,746$2,211,640
15$3,903,906$1,400,403$183,484$2,320,020
16$4,099,102$1,472,625$192,658$2,433,819
17$4,304,057$1,548,458$202,291$2,553,308
18$4,519,260$1,628,083$212,405$2,678,771
19$4,745,223$1,711,690$223,025$2,810,508
20$4,982,484$1,799,476$234,177$2,948,831
21$5,231,608$1,891,652$245,886$3,094,070
22$5,493,188$1,988,437$258,180$3,246,572
23$5,767,848$2,090,061$271,089$3,406,698
24$6,056,240$2,196,766$284,643$3,574,831
25$6,359,052$2,308,807$298,875$3,751,370
26$6,677,005$2,426,449$313,819$3,936,737
27$7,010,855$2,549,974$329,510$4,131,371
28$7,361,398$2,679,674$345,986$4,335,738
29$7,729,468$2,815,860$363,285$4,550,322
30$8,115,941$2,958,855$381,449$4,775,636
Total$131,000,000$47,148,718$6,156,999$77,694,283

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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.