USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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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 $93,000,000 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, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$480,875$69,289$849,619
2$1,469,773$506,771$72,754$890,248
3$1,543,261$533,962$76,391$932,908
4$1,620,424$562,512$80,211$977,701
5$1,701,446$592,490$84,222$1,024,734
6$1,786,518$623,967$88,433$1,074,119
7$1,875,844$657,017$92,854$1,125,972
8$1,969,636$691,720$97,497$1,180,419
9$2,068,118$728,159$102,372$1,237,587
10$2,171,524$766,419$107,490$1,297,614
11$2,280,100$806,592$112,865$1,360,643
12$2,394,105$848,774$118,508$1,426,823
13$2,513,810$893,065$124,434$1,496,312
14$2,639,501$939,570$130,655$1,569,275
15$2,771,476$988,401$137,188$1,645,887
16$2,910,049$1,039,673$144,047$1,726,329
17$3,055,552$1,093,509$151,250$1,810,793
18$3,208,329$1,150,037$158,812$1,899,480
19$3,368,746$1,209,391$166,753$1,992,602
20$3,537,183$1,271,713$175,091$2,090,380
21$3,714,042$1,337,151$183,845$2,193,047
22$3,899,744$1,405,860$193,037$2,300,847
23$4,094,732$1,478,006$202,689$2,414,037
24$4,299,468$1,553,758$212,824$2,532,886
25$4,514,442$1,633,298$223,465$2,657,678
26$4,740,164$1,716,816$234,638$2,788,710
27$4,977,172$1,804,509$246,370$2,926,293
28$5,226,030$1,896,586$258,689$3,070,756
29$5,487,332$1,993,268$271,623$3,222,441
30$5,761,699$2,094,783$285,204$3,381,711
Total$93,000,000$33,298,652$4,603,500$55,097,851

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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.