USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Aug 25, 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 $52,000,000 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:Fri, Aug 25, 2023
Jackpot:$52,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$246,610$36,786$499,279
2$821,808$261,089$38,625$522,094
3$862,899$276,293$40,556$546,050
4$906,044$292,256$42,584$571,203
5$951,346$309,018$44,713$597,614
6$998,913$326,618$46,949$625,346
7$1,048,859$345,098$49,296$654,464
8$1,101,302$364,502$51,761$685,039
9$1,156,367$384,876$54,349$717,142
10$1,214,185$406,269$57,067$750,850
11$1,274,895$428,731$59,920$786,243
12$1,338,639$452,317$62,916$823,406
13$1,405,571$477,082$66,062$862,428
14$1,475,850$503,085$69,365$903,400
15$1,549,642$530,388$72,833$946,421
16$1,627,124$559,056$76,475$991,593
17$1,708,481$589,158$80,299$1,039,024
18$1,793,905$620,765$84,314$1,088,826
19$1,883,600$653,952$88,529$1,141,118
20$1,977,780$688,799$92,956$1,196,025
21$2,076,669$725,388$97,603$1,253,678
22$2,180,502$763,806$102,484$1,314,213
23$2,289,527$804,145$107,608$1,377,774
24$2,404,004$846,502$112,988$1,444,514
25$2,524,204$890,976$118,638$1,514,591
26$2,650,414$937,673$124,569$1,588,171
27$2,782,935$986,706$130,798$1,665,431
28$2,922,082$1,038,190$137,338$1,746,553
29$3,068,186$1,092,249$144,205$1,831,732
30$3,221,595$1,149,010$151,415$1,921,170
Total$52,000,000$17,950,607$2,444,001$31,605,392

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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.