USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Mar 19, 2013

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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 $13,000,000 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:Tue, Mar 19, 2013
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,558$9,196$146,914
2$205,452$42,201$9,656$153,595
3$215,725$45,488$10,139$160,098
4$226,511$48,939$10,646$166,925
5$237,836$52,564$11,178$174,094
6$249,728$56,369$11,737$181,622
7$262,215$60,544$12,324$189,346
8$275,325$65,133$12,940$197,252
9$289,092$69,951$13,587$205,553
10$303,546$75,010$14,267$214,269
11$318,724$80,323$14,980$223,421
12$334,660$85,900$15,729$233,031
13$351,393$91,757$16,515$243,121
14$368,962$97,906$17,341$253,715
15$387,411$104,363$18,208$264,839
16$406,781$111,143$19,119$276,520
17$427,120$118,261$20,075$288,784
18$448,476$125,736$21,078$301,662
19$470,900$133,584$22,132$315,183
20$494,445$141,825$23,239$329,381
21$519,167$150,478$24,401$344,289
22$545,126$159,563$25,621$359,941
23$572,382$169,103$26,902$376,377
24$601,001$179,120$28,247$393,634
25$631,051$189,637$29,659$411,754
26$662,604$201,121$31,142$430,341
27$695,734$213,379$32,699$449,655
28$730,520$226,250$34,334$469,936
29$767,046$239,764$36,051$491,231
30$805,399$253,955$37,854$513,590
Total$13,000,000$3,628,925$610,996$8,760,073

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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.