USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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The tax information provided here is based on 2022 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 $238,000,000 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, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,288,384$177,321$2,116,536
2$3,761,354$1,354,656$186,187$2,220,511
3$3,949,421$1,424,241$195,496$2,329,684
4$4,146,892$1,497,305$205,271$2,444,316
5$4,354,237$1,574,023$215,535$2,564,680
6$4,571,949$1,654,576$226,311$2,691,061
7$4,800,546$1,739,157$237,627$2,823,762
8$5,040,574$1,827,967$249,508$2,963,098
9$5,292,602$1,921,218$261,984$3,109,401
10$5,557,232$2,019,131$275,083$3,263,018
11$5,835,094$2,121,940$288,837$3,424,317
12$6,126,849$2,229,889$303,279$3,593,681
13$6,433,191$2,343,236$318,443$3,771,512
14$6,754,851$2,462,250$334,365$3,958,236
15$7,092,593$2,587,215$351,083$4,154,295
16$7,447,223$2,718,428$368,638$4,360,158
17$7,819,584$2,856,201$387,069$4,576,314
18$8,210,563$3,000,863$406,423$4,803,277
19$8,621,091$3,152,759$426,744$5,041,589
20$9,052,146$3,312,249$448,081$5,291,816
21$9,504,753$3,479,714$470,485$5,554,554
22$9,979,991$3,655,552$494,010$5,830,430
23$10,478,991$3,840,181$518,710$6,120,099
24$11,002,940$4,034,043$544,646$6,424,252
25$11,553,087$4,237,597$571,878$6,743,612
26$12,130,741$4,451,329$600,472$7,078,940
27$12,737,279$4,675,748$630,495$7,431,035
28$13,374,142$4,911,388$662,020$7,800,735
29$14,042,849$5,158,809$695,121$8,188,919
30$14,744,992$5,418,602$729,877$8,596,513
Total$238,000,000$86,948,651$11,780,999$139,270,351

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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.