USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Apr 13, 2021

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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 $220,000,000 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, Apr 13, 2021
Jackpot:$220,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,311,316$1,181,144$155,632$1,974,540
2$3,476,882$1,242,403$163,413$2,071,065
3$3,650,726$1,306,726$171,584$2,172,416
4$3,833,262$1,374,264$180,163$2,278,834
5$4,024,925$1,445,179$189,171$2,390,574
6$4,226,171$1,519,641$198,630$2,507,901
7$4,437,480$1,597,825$208,562$2,631,094
8$4,659,354$1,679,918$218,990$2,760,446
9$4,892,322$1,766,116$229,939$2,896,266
10$5,136,938$1,856,624$241,436$3,038,877
11$5,393,784$1,951,657$253,508$3,188,619
12$5,663,474$2,051,442$266,183$3,345,848
13$5,946,647$2,156,217$279,492$3,510,938
14$6,243,980$2,266,230$293,467$3,684,283
15$6,556,179$2,381,743$308,140$3,866,295
16$6,883,988$2,503,033$323,547$4,057,408
17$7,228,187$2,630,386$339,725$4,258,076
18$7,589,596$2,764,108$356,711$4,468,777
19$7,969,076$2,904,515$374,547$4,690,014
20$8,367,530$3,051,943$393,274$4,922,313
21$8,785,906$3,206,743$412,938$5,166,226
22$9,225,202$3,369,282$433,584$5,422,335
23$9,686,462$3,539,948$455,264$5,691,250
24$10,170,785$3,719,148$478,027$5,973,610
25$10,679,324$3,907,307$501,928$6,270,089
26$11,213,290$4,104,875$527,025$6,581,391
27$11,773,955$4,312,321$553,376$6,908,258
28$12,362,653$4,530,139$581,045$7,251,469
29$12,980,785$4,758,848$610,097$7,611,841
30$13,629,825$4,998,992$640,602$7,990,230
Total$220,000,000$80,078,717$10,340,000$129,581,283

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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.