USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

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The tax information provided here is based on 2021 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 $336,000,000 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, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 5.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$273,093$2,948,922
2$5,310,146$1,928,826$286,748$3,094,572
3$5,575,654$2,027,064$301,085$3,247,504
4$5,854,436$2,130,214$316,140$3,408,083
5$6,147,158$2,238,521$331,947$3,576,691
6$6,454,516$2,352,243$348,544$3,753,729
7$6,777,242$2,471,652$365,971$3,939,619
8$7,116,104$2,597,031$384,270$4,134,804
9$7,471,909$2,728,679$403,483$4,339,747
10$7,845,505$2,866,909$423,657$4,554,938
11$8,237,780$3,012,051$444,840$4,780,889
12$8,649,669$3,164,450$467,082$5,018,137
13$9,082,152$3,324,469$490,436$5,267,247
14$9,536,260$3,492,488$514,958$5,528,813
15$10,013,073$3,668,909$540,706$5,803,458
16$10,513,727$3,854,151$567,741$6,091,834
17$11,039,413$4,048,655$596,128$6,394,629
18$11,591,383$4,252,884$625,935$6,712,565
19$12,170,953$4,467,325$657,231$7,046,396
20$12,779,500$4,692,487$690,093$7,396,920
21$13,418,475$4,928,908$724,598$7,764,969
22$14,089,399$5,177,150$760,828$8,151,422
23$14,793,869$5,437,804$798,869$8,557,196
24$15,533,562$5,711,490$838,812$8,983,260
25$16,310,240$5,998,861$880,753$9,430,626
26$17,125,753$6,300,601$924,791$9,900,361
27$17,982,040$6,617,427$971,030$10,393,583
28$18,881,142$6,950,095$1,019,582$10,911,466
29$19,825,199$7,299,396$1,070,561$11,455,242
30$20,816,459$7,666,162$1,124,089$12,026,208
Total$336,000,001$123,242,169$18,144,001$194,613,830

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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.