USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 10, 2023

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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 $1,100,000,000 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, Jan 10, 2023
Jackpot:$1,100,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,556,579$6,081,891$778,159$9,696,528
2$17,384,408$6,388,188$817,067$10,179,152
3$18,253,628$6,709,799$857,921$10,685,908
4$19,166,310$7,047,492$900,817$11,218,001
5$20,124,624$7,402,068$945,857$11,776,699
6$21,130,856$7,774,374$993,150$12,363,332
7$22,187,399$8,165,295$1,042,808$12,979,297
8$23,296,769$8,575,762$1,094,948$13,626,059
9$24,461,608$9,006,752$1,149,696$14,305,160
10$25,684,688$9,459,292$1,207,180$15,018,216
11$26,968,922$9,934,458$1,267,539$15,766,924
12$28,317,368$10,433,383$1,330,916$16,553,068
13$29,733,237$10,957,255$1,397,462$17,378,520
14$31,219,899$11,507,320$1,467,335$18,245,244
15$32,780,893$12,084,888$1,540,702$19,155,303
16$34,419,938$12,691,334$1,617,737$20,110,867
17$36,140,935$13,328,103$1,698,624$21,114,208
18$37,947,982$13,996,710$1,783,555$22,167,716
19$39,845,380$14,698,748$1,872,733$23,273,899
20$41,837,650$15,435,888$1,966,370$24,435,393
21$43,929,532$16,209,884$2,064,688$25,654,960
22$46,126,009$17,022,580$2,167,922$26,935,506
23$48,432,309$17,875,912$2,276,319$28,280,079
24$50,853,924$18,771,909$2,390,134$29,691,880
25$53,396,620$19,712,707$2,509,641$31,174,272
26$56,066,452$20,700,545$2,635,123$32,730,784
27$58,869,775$21,737,774$2,766,879$34,365,121
28$61,813,263$22,826,864$2,905,223$36,081,175
29$64,903,926$23,970,410$3,050,485$37,883,032
30$68,149,123$25,171,133$3,203,009$39,774,981
Total$1,100,000,002$405,678,718$51,699,999$642,621,284

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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.