USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $120,000,000 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:Fri, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$89,406$1,085,528
2$1,896,481$664,653$93,876$1,137,952
3$1,991,305$699,738$98,570$1,192,997
4$2,090,870$736,577$103,498$1,250,795
5$2,195,414$775,258$108,673$1,311,483
6$2,305,184$815,873$114,107$1,375,204
7$2,420,444$858,519$119,812$1,442,112
8$2,541,466$903,297$125,803$1,512,366
9$2,668,539$950,314$132,093$1,586,132
10$2,801,966$999,682$138,697$1,663,586
11$2,942,064$1,051,519$145,632$1,744,913
12$3,089,167$1,105,947$152,914$1,830,307
13$3,243,626$1,163,097$160,559$1,919,970
14$3,405,807$1,223,104$168,587$2,014,116
15$3,576,097$1,286,111$177,017$2,112,970
16$3,754,902$1,352,269$185,868$2,216,766
17$3,942,647$1,421,735$195,161$2,325,752
18$4,139,780$1,494,674$204,919$2,440,187
19$4,346,769$1,571,259$215,165$2,560,344
20$4,564,107$1,651,675$225,923$2,686,509
21$4,792,313$1,736,111$237,219$2,818,982
22$5,031,928$1,824,768$249,080$2,958,079
23$5,283,525$1,917,859$261,534$3,104,131
24$5,547,701$2,015,604$274,611$3,257,485
25$5,825,086$2,118,237$288,342$3,418,507
26$6,116,340$2,226,001$302,759$3,587,581
27$6,422,157$2,339,153$317,897$3,765,107
28$6,743,265$2,457,963$333,792$3,951,510
29$7,080,428$2,582,713$350,481$4,147,234
30$7,434,450$2,713,701$368,005$4,352,743
Total$120,000,000$43,288,650$5,940,000$70,771,348

◄ Back to Jackpot Analysis

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.