USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 1, 2021

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The tax information provided here is based on 2024 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 $401,000,000 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, Jan 1, 2021
Jackpot:$401,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,035,625$2,191,369$298,763$3,545,493
2$6,337,407$2,303,028$313,702$3,720,677
3$6,654,277$2,420,270$329,387$3,904,620
4$6,986,991$2,543,374$345,856$4,097,761
5$7,336,340$2,672,634$363,149$4,300,558
6$7,703,157$2,808,356$381,306$4,513,495
7$8,088,316$2,950,865$400,372$4,737,079
8$8,492,731$3,100,498$420,390$4,971,843
9$8,917,368$3,257,614$441,410$5,218,344
10$9,363,236$3,422,585$463,480$5,477,171
11$9,831,398$3,595,805$486,654$5,748,939
12$10,322,968$3,777,686$510,987$6,034,295
13$10,839,116$3,968,661$536,536$6,333,919
14$11,381,072$4,169,184$563,363$6,648,525
15$11,950,126$4,379,734$591,531$6,978,860
16$12,547,632$4,600,812$621,108$7,325,713
17$13,175,013$4,832,943$652,163$7,689,908
18$13,833,764$5,076,680$684,771$8,072,312
19$14,525,452$5,332,605$719,010$8,473,837
20$15,251,725$5,601,326$754,960$8,895,439
21$16,014,311$5,883,483$792,708$9,338,120
22$16,815,027$6,179,748$832,344$9,802,935
23$17,655,778$6,490,826$873,961$10,290,991
24$18,538,567$6,817,457$917,659$10,803,450
25$19,465,495$7,160,421$963,542$11,341,532
26$20,438,770$7,520,533$1,011,719$11,906,518
27$21,460,709$7,898,650$1,062,305$12,499,754
28$22,533,744$8,295,673$1,115,420$13,122,651
29$23,660,431$8,712,547$1,171,191$13,776,693
30$24,843,453$9,150,265$1,229,751$14,463,437
Total$401,000,001$147,115,632$19,849,498$234,034,869

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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.