USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Apr 6, 2007

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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 $105,000,000 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, Apr 6, 2007
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$540,705$74,279$965,416
2$1,659,421$569,943$77,993$1,011,485
3$1,742,392$600,642$81,892$1,059,857
4$1,829,511$632,876$85,987$1,110,648
5$1,920,987$666,722$90,286$1,163,978
6$2,017,036$702,261$94,801$1,219,975
7$2,117,888$739,576$99,541$1,278,772
8$2,223,783$778,757$104,518$1,340,508
9$2,334,972$819,897$109,744$1,405,331
10$2,451,720$863,094$115,231$1,473,396
11$2,574,306$908,451$120,992$1,544,863
12$2,703,022$956,075$127,042$1,619,904
13$2,838,173$1,006,081$133,394$1,698,697
14$2,980,081$1,058,587$140,064$1,781,430
15$3,129,085$1,113,719$147,067$1,868,299
16$3,285,540$1,171,607$154,420$1,959,512
17$3,449,816$1,232,389$162,141$2,055,286
18$3,622,307$1,296,211$170,248$2,155,848
19$3,803,423$1,363,224$178,761$2,261,438
20$3,993,594$1,433,587$187,699$2,372,308
21$4,193,273$1,507,468$197,084$2,488,721
22$4,402,937$1,585,044$206,938$2,610,955
23$4,623,084$1,666,498$217,285$2,739,301
24$4,854,238$1,752,025$228,149$2,874,064
25$5,096,950$1,841,829$239,557$3,015,565
26$5,351,798$1,936,122$251,534$3,164,141
27$5,619,388$2,035,131$264,111$3,320,146
28$5,900,357$2,139,089$277,317$3,483,951
29$6,195,375$2,248,246$291,183$3,655,946
30$6,505,144$2,362,860$305,742$3,836,541
Total$105,000,000$37,528,716$4,935,000$62,536,282

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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.