USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 2017

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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 $86,000,000 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 15, 2017
Jackpot:$86,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,294,423$434,894$60,838$798,692
2$1,359,145$458,841$63,880$836,424
3$1,427,102$483,985$67,074$876,043
4$1,498,457$510,386$70,427$917,643
5$1,573,380$538,108$73,949$961,323
6$1,652,049$567,215$77,646$1,007,187
7$1,734,651$597,778$81,529$1,055,344
8$1,821,384$629,869$85,605$1,105,909
9$1,912,453$663,565$89,885$1,159,003
10$2,008,076$698,945$94,380$1,214,751
11$2,108,479$736,095$99,099$1,273,286
12$2,213,903$775,101$104,053$1,334,748
13$2,324,598$816,059$109,256$1,399,284
14$2,440,828$859,064$114,719$1,467,046
15$2,562,870$904,219$120,455$1,538,196
16$2,691,013$951,632$126,478$1,612,904
17$2,825,564$1,001,416$132,802$1,691,347
18$2,966,842$1,053,689$139,442$1,773,712
19$3,115,184$1,108,575$146,414$1,860,195
20$3,270,944$1,166,206$153,734$1,951,003
21$3,434,491$1,226,719$161,421$2,046,351
22$3,606,215$1,290,257$169,492$2,146,466
23$3,786,526$1,356,972$177,967$2,251,587
24$3,975,852$1,427,023$186,865$2,361,965
25$4,174,645$1,500,576$196,208$2,477,861
26$4,383,377$1,577,807$206,019$2,599,552
27$4,602,546$1,658,899$216,320$2,727,327
28$4,832,673$1,744,046$227,136$2,861,491
29$5,074,307$1,833,451$238,492$3,002,364
30$5,328,022$1,927,326$250,417$3,150,280
Total$86,000,000$30,498,718$4,042,002$51,459,284

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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.