USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 23, 2022

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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 $301,000,000 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, Sep 23, 2022
Jackpot:$301,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,530,482$1,634,466$224,259$2,671,757
2$4,757,006$1,718,280$235,472$2,803,254
3$4,994,856$1,806,285$247,245$2,941,326
4$5,244,599$1,898,689$259,608$3,086,302
5$5,506,829$1,995,714$272,588$3,238,526
6$5,782,171$2,097,591$286,217$3,398,362
7$6,071,279$2,204,561$300,528$3,566,190
8$6,374,843$2,316,880$315,555$3,742,409
9$6,693,585$2,434,814$331,332$3,927,439
10$7,028,265$2,558,646$347,899$4,121,720
11$7,379,678$2,688,669$365,294$4,325,715
12$7,748,662$2,825,193$383,559$4,539,910
13$8,136,095$2,968,543$402,737$4,764,815
14$8,542,900$3,119,061$422,874$5,000,965
15$8,970,044$3,277,104$444,017$5,248,923
16$9,418,547$3,443,050$466,218$5,509,279
17$9,889,474$3,617,293$489,529$5,782,652
18$10,383,948$3,800,248$514,005$6,069,694
19$10,903,145$3,992,351$539,706$6,371,088
20$11,448,302$4,194,060$566,691$6,687,552
21$12,020,717$4,405,853$595,026$7,019,839
22$12,621,753$4,628,236$624,777$7,368,740
23$13,252,841$4,861,739$656,016$7,735,086
24$13,915,483$5,106,916$688,816$8,119,750
25$14,611,257$5,364,353$723,257$8,523,647
26$15,341,820$5,634,661$759,420$8,947,739
27$16,108,911$5,918,485$797,391$9,393,035
28$16,914,356$6,216,500$837,261$9,860,596
29$17,760,074$6,529,415$879,124$10,351,535
30$18,648,078$6,857,977$923,080$10,867,022
Total$301,000,001$110,115,633$14,899,501$175,984,867

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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.