USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 2013

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The tax information provided here is based on 2022 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 $47,000,000 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 prize money, as well as deductions claimed.

State:

Missouri

Drawing Date:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 5.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$38,201$444,517
2$742,788$237,787$40,111$464,891
3$779,928$251,528$42,116$486,283
4$818,924$265,957$44,222$508,745
5$859,870$281,107$46,433$532,330
6$902,864$297,015$48,755$557,095
7$948,007$313,718$51,192$583,097
8$995,407$331,256$53,752$610,400
9$1,045,178$349,671$56,440$639,067
10$1,097,437$369,007$59,262$669,169
11$1,152,308$389,309$62,225$700,775
12$1,209,924$410,627$65,336$733,961
13$1,270,420$433,010$68,603$768,807
14$1,333,941$456,513$72,033$805,395
15$1,400,638$481,191$75,634$843,813
16$1,470,670$507,103$79,416$884,151
17$1,544,204$534,310$83,387$926,506
18$1,621,414$562,878$87,556$970,979
19$1,702,484$592,874$91,934$1,017,676
20$1,787,609$624,370$96,531$1,066,708
21$1,876,989$657,441$101,357$1,118,191
22$1,970,839$692,165$106,425$1,172,248
23$2,069,380$728,626$111,747$1,229,008
24$2,172,849$766,909$117,334$1,288,606
25$2,281,492$807,107$123,201$1,351,184
26$2,395,567$849,315$129,361$1,416,891
27$2,515,345$893,633$135,829$1,485,884
28$2,641,112$940,166$142,620$1,558,326
29$2,773,168$989,027$149,751$1,634,390
30$2,911,826$1,040,331$157,239$1,714,257
Total$47,000,000$16,278,650$2,538,003$28,183,350

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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.