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Missouri Mega Millions Jackpot Annuity Payout Schedule for Oct 22, 2010

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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 $101,000,000 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, Oct 22, 2010
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$518,429$71,449$930,316
2$1,596,205$546,553$75,022$974,630
3$1,676,015$576,083$78,773$1,021,159
4$1,759,816$607,089$82,711$1,070,015
5$1,847,806$639,646$86,847$1,121,314
6$1,940,197$673,830$91,189$1,175,177
7$2,037,207$709,724$95,749$1,231,734
8$2,139,067$747,412$100,536$1,291,119
9$2,246,020$786,985$105,563$1,353,473
10$2,358,321$828,536$110,841$1,418,944
11$2,476,237$872,165$116,383$1,487,689
12$2,600,049$917,975$122,202$1,559,871
13$2,730,052$966,076$128,312$1,635,663
14$2,866,554$1,016,582$134,728$1,715,244
15$3,009,882$1,069,614$141,464$1,798,804
16$3,160,376$1,125,296$148,538$1,886,542
17$3,318,395$1,183,763$155,965$1,978,667
18$3,484,315$1,245,154$163,763$2,075,398
19$3,658,530$1,309,613$171,951$2,176,966
20$3,841,457$1,377,296$180,548$2,283,612
21$4,033,530$1,448,363$189,576$2,395,591
22$4,235,206$1,522,984$199,055$2,513,168
23$4,446,967$1,601,335$209,007$2,636,624
24$4,669,315$1,683,604$219,458$2,766,253
25$4,902,781$1,769,986$230,431$2,902,364
26$5,147,920$1,860,688$241,952$3,045,280
27$5,405,316$1,955,924$254,050$3,195,342
28$5,675,581$2,055,922$266,752$3,352,907
29$5,959,360$2,160,921$280,090$3,518,350
30$6,257,329$2,271,169$294,094$3,692,065
Total$101,000,000$36,048,717$4,746,999$60,204,281

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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.