USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Aug 15, 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 $36,000,000 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, Aug 15, 2023
Jackpot:$36,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$541,852$160,023$26,822$355,007
2$568,944$169,505$28,163$371,276
3$597,391$179,462$29,571$388,359
4$627,261$190,274$31,049$405,937
5$658,624$201,879$32,602$424,144
6$691,555$214,063$34,232$443,260
7$726,133$226,857$35,944$463,332
8$762,440$240,290$37,741$484,409
9$800,562$254,396$39,628$506,538
10$840,590$269,206$41,609$529,775
11$882,619$284,757$43,690$554,173
12$926,750$301,085$45,874$579,791
13$973,088$318,230$48,168$606,690
14$1,021,742$336,232$50,576$634,934
15$1,072,829$355,135$53,105$664,590
16$1,126,471$374,982$55,760$695,728
17$1,182,794$395,822$58,548$728,424
18$1,241,934$417,703$61,476$762,755
19$1,304,031$440,679$64,550$798,802
20$1,369,232$464,804$67,777$836,652
21$1,437,694$490,134$71,166$876,393
22$1,509,578$516,732$74,724$918,123
23$1,585,057$544,659$78,460$961,938
24$1,664,310$573,983$82,383$1,007,944
25$1,747,526$604,772$86,503$1,056,251
26$1,834,902$637,102$90,828$1,106,973
27$1,926,647$671,047$95,369$1,160,231
28$2,022,980$706,690$100,137$1,216,152
29$2,124,128$744,115$105,144$1,274,869
30$2,230,335$783,412$110,402$1,336,522
Total$36,000,000$12,068,030$1,782,001$22,149,972

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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.