USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$211,593$2,518,455
2$4,488,338$1,623,640$222,173$2,642,525
3$4,712,755$1,706,674$233,281$2,772,799
4$4,948,393$1,793,860$244,945$2,909,587
5$5,195,812$1,885,405$257,193$3,053,214
6$5,455,603$1,981,528$270,052$3,204,022
7$5,728,383$2,082,457$283,555$3,362,371
8$6,014,802$2,188,432$297,733$3,528,638
9$6,315,542$2,299,706$312,619$3,703,217
10$6,631,319$2,416,543$328,250$3,886,526
11$6,962,885$2,539,223$344,663$4,079,000
12$7,311,030$2,668,036$361,896$4,281,098
13$7,676,581$2,803,290$379,991$4,493,300
14$8,060,410$2,945,307$398,990$4,716,113
15$8,463,431$3,094,424$418,940$4,950,066
16$8,886,602$3,250,998$439,887$5,195,718
17$9,330,932$3,415,400$461,881$5,453,651
18$9,797,479$3,588,022$484,975$5,724,481
19$10,287,353$3,769,276$509,224$6,008,853
20$10,801,720$3,959,592$534,685$6,307,444
21$11,341,806$4,159,423$561,419$6,620,964
22$11,908,897$4,369,247$589,490$6,950,160
23$12,504,342$4,589,561$618,965$7,295,815
24$13,129,559$4,820,892$649,913$7,658,754
25$13,786,036$5,063,789$682,409$8,039,839
26$14,475,339$5,318,830$716,529$8,439,979
27$15,199,105$5,586,624$752,356$8,860,126
28$15,959,061$5,867,807$789,973$9,301,280
29$16,757,014$6,163,050$829,472$9,764,491
30$17,594,864$6,473,055$870,946$10,250,864
Total$284,000,001$103,968,651$14,057,998$165,973,350

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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.