USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$336,016$3,977,593
2$7,127,607$2,600,170$352,817$4,174,621
3$7,483,987$2,732,030$370,457$4,381,500
4$7,858,187$2,870,484$388,980$4,598,723
5$8,251,096$3,015,861$408,429$4,826,806
6$8,663,651$3,168,506$428,851$5,066,294
7$9,096,834$3,328,783$450,293$5,317,757
8$9,551,675$3,497,075$472,808$5,581,793
9$10,029,259$3,673,781$496,448$5,859,030
10$10,530,722$3,859,322$521,271$6,150,129
11$11,057,258$4,054,140$547,334$6,455,783
12$11,610,121$4,258,700$574,701$6,776,720
13$12,190,627$4,473,487$603,436$7,113,704
14$12,800,158$4,699,014$633,608$7,467,537
15$13,440,166$4,935,816$665,288$7,839,061
16$14,112,175$5,184,460$698,553$8,229,162
17$14,817,783$5,445,535$733,480$8,638,768
18$15,558,672$5,719,664$770,154$9,068,854
19$16,336,606$6,007,499$808,662$9,520,445
20$17,153,436$6,309,726$849,095$9,994,615
21$18,011,108$6,627,065$891,550$10,492,493
22$18,911,663$6,960,270$936,127$11,015,266
23$19,857,247$7,310,136$982,934$11,564,177
24$20,850,109$7,677,495$1,032,080$12,140,533
25$21,892,614$8,063,222$1,083,684$12,745,708
26$22,987,245$8,468,236$1,137,869$13,381,141
27$24,136,608$8,893,500$1,194,762$14,048,346
28$25,343,438$9,340,027$1,254,500$14,748,911
29$26,610,610$9,808,881$1,317,225$15,484,504
30$27,941,140$10,301,177$1,383,086$16,256,877
Total$451,000,001$165,758,650$22,324,498$262,916,851

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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.