USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jun 15, 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 $22,000,000 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, Jun 15, 2021
Jackpot:$22,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$331,132$84,665$15,563$230,903
2$347,688$90,460$16,341$240,887
3$365,073$96,545$17,158$251,370
4$383,326$102,933$18,016$262,376
5$402,492$109,642$18,917$273,934
6$422,617$116,685$19,863$286,069
7$443,748$124,081$20,856$298,811
8$465,935$131,847$21,899$312,190
9$489,232$140,001$22,994$326,238
10$513,694$148,562$24,144$340,988
11$539,378$157,552$25,351$356,476
12$566,347$166,991$26,618$372,738
13$594,665$176,902$27,949$389,814
14$624,398$187,309$29,347$407,743
15$655,618$198,536$30,814$426,268
16$688,399$210,665$32,355$445,379
17$722,819$223,400$33,972$465,446
18$758,960$236,772$35,671$486,516
19$796,908$250,813$37,455$508,640
20$836,753$265,556$39,327$531,870
21$878,591$281,036$41,294$556,261
22$922,520$297,290$43,358$581,872
23$968,646$314,356$45,526$608,763
24$1,017,078$332,276$47,803$637,000
25$1,067,932$351,092$50,193$666,647
26$1,121,329$370,849$52,702$697,778
27$1,177,395$391,594$55,338$730,464
28$1,236,265$413,375$58,104$764,785
29$1,298,079$436,246$61,010$800,823
30$1,362,982$460,261$64,060$838,662
Total$22,000,000$6,868,292$1,033,998$14,097,711

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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.