USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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The tax information provided here is based on 2025 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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,087,301$13,530,134
2$24,290,759$8,944,601$1,141,666$14,204,492
3$25,505,296$9,393,980$1,198,749$14,912,567
4$26,780,562$9,865,828$1,258,686$15,656,047
5$28,119,589$10,361,268$1,321,621$16,436,700
6$29,525,569$10,881,481$1,387,702$17,256,386
7$31,001,848$11,427,704$1,457,087$18,117,057
8$32,551,940$12,001,238$1,529,941$19,020,761
9$34,179,537$12,603,449$1,606,438$19,969,650
10$35,888,513$13,235,770$1,686,760$20,965,983
11$37,682,939$13,899,708$1,771,098$22,012,133
12$39,567,086$14,596,842$1,859,653$23,110,591
13$41,545,440$15,328,833$1,952,636$24,263,972
14$43,622,713$16,097,424$2,050,268$25,475,021
15$45,803,848$16,904,444$2,152,781$26,746,623
16$48,094,041$17,751,815$2,260,420$28,081,806
17$50,498,742$18,641,555$2,373,441$29,483,746
18$53,023,680$19,575,782$2,492,113$30,955,785
19$55,674,863$20,556,720$2,616,719$32,501,425
20$58,458,607$21,586,705$2,747,555$34,124,348
21$61,381,537$22,668,189$2,884,932$35,828,416
22$64,450,614$23,803,747$3,029,179$37,617,688
23$67,673,145$24,996,084$3,180,638$39,496,423
24$71,056,801$26,248,037$3,339,670$41,469,095
25$74,609,641$27,562,587$3,506,653$43,540,401
26$78,340,125$28,942,866$3,681,986$45,715,272
27$82,257,131$30,392,159$3,866,085$47,998,887
28$86,369,986$31,913,915$4,059,389$50,396,682
29$90,688,486$33,511,760$4,262,359$52,914,367
30$95,222,911$35,189,497$4,475,477$55,557,937
Total$1,537,000,003$567,400,609$72,239,003$897,360,395

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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.