USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jan 31, 2023

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The tax information provided here is based on 2025 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 $31,000,000 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 31, 2023
Jackpot:$31,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$132,855$21,930$311,809
2$489,924$141,021$23,026$325,877
3$514,420$149,594$24,178$340,648
4$540,141$158,597$25,387$356,158
5$567,149$168,049$26,656$372,443
6$595,506$177,974$27,989$389,543
7$625,281$188,396$29,388$407,497
8$656,545$199,942$30,858$425,746
9$689,373$212,088$32,401$444,884
10$723,841$224,841$34,021$464,979
11$760,033$238,233$35,722$486,079
12$798,035$252,293$37,508$508,234
13$837,937$267,057$39,383$531,497
14$879,834$282,559$41,352$555,923
15$923,825$298,836$43,420$581,570
16$970,016$315,926$45,591$608,499
17$1,018,517$333,872$47,870$636,775
18$1,069,443$352,714$50,264$666,465
19$1,122,915$372,499$52,777$697,639
20$1,179,061$393,273$55,416$730,372
21$1,238,014$415,085$58,187$764,742
22$1,299,915$437,989$61,096$800,830
23$1,364,911$462,037$64,151$838,723
24$1,433,156$487,288$67,358$878,510
25$1,504,814$513,801$70,726$920,286
26$1,580,055$541,640$74,263$964,152
27$1,659,057$570,871$77,976$1,010,210
28$1,742,010$601,564$81,874$1,058,572
29$1,829,111$633,791$85,968$1,109,351
30$1,920,566$667,630$90,267$1,162,670
Total$31,000,000$10,192,315$1,457,003$19,350,683

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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.