USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 2023

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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 $640,000,000 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, Jul 18, 2023
Jackpot:$640,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,632,918$3,522,368$476,829$5,633,721
2$10,114,564$3,700,577$500,671$5,913,317
3$10,620,292$3,887,696$525,704$6,206,892
4$11,151,308$4,084,172$551,990$6,515,146
5$11,708,872$4,290,471$579,589$6,838,813
6$12,294,316$4,507,085$608,569$7,178,663
7$12,909,032$4,734,530$638,997$7,535,506
8$13,554,484$4,973,347$670,947$7,910,190
9$14,232,208$5,224,105$704,494$8,303,609
10$14,943,818$5,487,400$739,719$8,716,699
11$15,691,009$5,763,861$776,705$9,150,443
12$16,475,560$6,054,145$815,540$9,605,875
13$17,299,338$6,358,943$856,317$10,084,078
14$18,164,305$6,678,980$899,133$10,586,191
15$19,072,520$7,015,020$944,090$11,113,410
16$20,026,146$7,367,862$991,294$11,666,990
17$21,027,453$7,738,345$1,040,859$12,248,249
18$22,078,826$8,127,353$1,092,902$12,858,571
19$23,182,767$8,535,811$1,147,547$13,499,408
20$24,341,905$8,964,693$1,204,924$14,172,288
21$25,559,000$9,415,018$1,265,171$14,878,812
22$26,836,950$9,887,859$1,328,429$15,620,662
23$28,178,798$10,384,343$1,394,851$16,399,605
24$29,587,738$10,905,651$1,464,593$17,217,494
25$31,067,124$11,453,024$1,537,823$18,076,278
26$32,620,481$12,027,766$1,614,714$18,978,002
27$34,251,505$12,631,245$1,695,450$19,924,811
28$35,964,080$13,264,897$1,780,222$20,918,961
29$37,762,284$13,930,233$1,869,233$21,962,818
30$39,650,399$14,628,835$1,962,695$23,058,869
Total$640,000,001$235,545,635$31,680,001$372,774,371

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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.