USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 28, 2020

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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 $141,000,000 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, Jan 28, 2020
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$741,191$99,746$1,281,316
2$2,228,365$780,452$104,733$1,343,180
3$2,339,783$821,677$109,970$1,408,136
4$2,456,772$864,963$115,468$1,476,341
5$2,579,611$910,413$121,242$1,547,956
6$2,708,592$958,136$127,304$1,623,152
7$2,844,021$1,008,245$133,669$1,702,107
8$2,986,222$1,060,859$140,352$1,785,010
9$3,135,533$1,116,105$147,370$1,872,059
10$3,292,310$1,174,112$154,739$1,963,459
11$3,456,925$1,235,020$162,475$2,059,430
12$3,629,772$1,298,973$170,599$2,160,200
13$3,811,260$1,366,124$179,129$2,266,008
14$4,001,823$1,436,632$188,086$2,377,106
15$4,201,914$1,510,666$197,490$2,493,759
16$4,412,010$1,588,401$207,364$2,616,245
17$4,632,611$1,670,023$217,733$2,744,855
18$4,864,241$1,755,727$228,619$2,879,895
19$5,107,453$1,845,715$240,050$3,021,688
20$5,362,826$1,940,203$252,053$3,170,570
21$5,630,967$2,039,415$264,655$3,326,897
22$5,912,516$2,143,588$277,888$3,491,039
23$6,208,141$2,252,970$291,783$3,663,389
24$6,518,548$2,367,820$306,372$3,844,356
25$6,844,476$2,488,413$321,690$4,034,372
26$7,186,700$2,615,036$337,775$4,233,889
27$7,546,035$2,747,990$354,664$4,443,381
28$7,923,336$2,887,592$372,397$4,663,348
29$8,319,503$3,034,173$391,017$4,894,313
30$8,735,478$3,188,084$410,567$5,136,827
Total$141,000,000$50,848,718$6,626,999$83,524,283

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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.