USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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The tax information provided here is based on 2024 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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$239,160$2,846,504
2$5,073,086$1,835,230$251,118$2,986,739
3$5,326,740$1,929,082$263,674$3,133,985
4$5,593,078$2,027,626$276,857$3,288,594
5$5,872,731$2,131,098$290,700$3,450,933
6$6,166,368$2,239,744$305,235$3,621,389
7$6,474,687$2,353,822$320,497$3,800,368
8$6,798,421$2,473,603$336,522$3,988,296
9$7,138,342$2,599,374$353,348$4,185,620
10$7,495,259$2,731,434$371,015$4,392,810
11$7,870,022$2,870,096$389,566$4,610,360
12$8,263,523$3,015,691$409,044$4,838,787
13$8,676,699$3,168,566$429,497$5,078,636
14$9,110,534$3,329,085$450,971$5,330,477
15$9,566,061$3,497,630$473,520$5,594,910
16$10,044,364$3,674,602$497,196$5,872,565
17$10,546,582$3,860,423$522,056$6,164,103
18$11,073,911$4,055,535$548,159$6,470,218
19$11,627,606$4,260,402$575,567$6,791,638
20$12,208,987$4,475,513$604,345$7,129,129
21$12,819,436$4,701,379$634,562$7,483,495
22$13,460,408$4,938,539$666,290$7,855,579
23$14,133,428$5,187,556$699,605$8,246,267
24$14,840,100$5,449,025$734,585$8,656,490
25$15,582,105$5,723,566$771,314$9,087,224
26$16,361,210$6,011,836$809,880$9,539,495
27$17,179,271$6,314,518$850,374$10,014,379
28$18,038,234$6,632,334$892,893$10,513,007
29$18,940,146$6,966,042$937,537$11,036,567
30$19,887,153$7,316,434$984,414$11,586,305
Total$321,000,001$117,515,632$15,889,501$187,594,869

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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.