USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$264,491$3,138,807
2$5,610,422$2,038,811$277,716$3,293,895
3$5,890,943$2,142,604$291,602$3,456,738
4$6,185,491$2,251,587$306,182$3,627,722
5$6,494,765$2,366,018$321,491$3,807,256
6$6,819,503$2,486,171$337,565$3,995,767
7$7,160,479$2,612,332$354,444$4,193,703
8$7,518,503$2,744,801$372,166$4,401,536
9$7,894,428$2,883,893$390,774$4,619,760
10$8,289,149$3,029,940$410,313$4,848,896
11$8,703,607$3,183,289$430,829$5,089,489
12$9,138,787$3,344,306$452,370$5,342,111
13$9,595,726$3,513,374$474,988$5,607,364
14$10,075,513$3,690,895$498,738$5,885,880
15$10,579,288$3,877,292$523,675$6,178,322
16$11,108,253$4,073,009$549,859$6,485,386
17$11,663,665$4,278,511$577,351$6,807,803
18$12,246,849$4,494,289$606,219$7,146,341
19$12,859,191$4,720,856$636,530$7,501,805
20$13,502,151$4,958,751$668,356$7,875,043
21$14,177,258$5,208,540$701,774$8,266,943
22$14,886,121$5,470,820$736,863$8,678,438
23$15,630,427$5,746,213$773,706$9,110,508
24$16,411,948$6,035,376$812,391$9,564,181
25$17,232,546$6,338,997$853,011$10,040,538
26$18,094,173$6,657,799$895,662$10,540,713
27$18,998,882$6,992,541$940,445$11,065,896
28$19,948,826$7,344,020$987,467$11,617,338
29$20,946,267$7,713,074$1,036,840$12,196,353
30$21,993,581$8,100,580$1,088,682$12,804,319
Total$355,000,001$130,238,650$17,572,500$207,188,851

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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.