USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for May 21, 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 $516,000,000 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, May 21, 2021
Jackpot:$516,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,766,540$2,831,808$384,444$4,550,289
2$8,154,868$2,975,489$403,666$4,775,713
3$8,562,611$3,126,354$423,849$5,012,408
4$8,990,742$3,284,762$445,042$5,260,938
5$9,440,278$3,451,091$467,294$5,521,894
6$9,912,292$3,625,736$490,658$5,795,898
7$10,407,907$3,809,113$515,191$6,083,602
8$10,928,303$4,001,660$540,951$6,385,692
9$11,474,718$4,203,833$567,999$6,702,886
10$12,048,453$4,416,116$596,398$7,035,939
11$12,650,876$4,639,012$626,218$7,385,646
12$13,283,420$4,873,053$657,529$7,752,838
13$13,947,591$5,118,796$690,406$8,138,389
14$14,644,971$5,376,827$724,926$8,543,218
15$15,377,219$5,647,759$761,172$8,968,288
16$16,146,080$5,932,237$799,231$9,414,612
17$16,953,384$6,230,940$839,192$9,883,252
18$17,801,053$6,544,577$881,152$10,375,324
19$18,691,106$6,873,897$925,210$10,891,999
20$19,625,661$7,219,682$971,470$11,434,509
21$20,606,944$7,582,757$1,020,044$12,004,143
22$21,637,291$7,963,986$1,071,046$12,602,260
23$22,719,156$8,364,275$1,124,598$13,230,282
24$23,855,113$8,784,580$1,180,828$13,889,706
25$25,047,869$9,225,899$1,239,870$14,582,100
26$26,300,263$9,689,285$1,301,863$15,309,115
27$27,615,276$10,175,840$1,366,956$16,072,480
28$28,996,040$10,686,722$1,435,304$16,874,013
29$30,445,842$11,223,149$1,507,069$17,715,623
30$31,968,134$11,786,397$1,582,423$18,599,314
Total$516,000,001$189,665,632$25,541,999$300,792,370

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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.