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 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 $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: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$782,675$247,777$38,742$496,155
2$821,808$262,257$40,680$518,872
3$862,899$277,460$42,713$542,725
4$906,044$293,424$44,849$567,771
5$951,346$310,186$47,092$594,069
6$998,913$327,786$49,446$621,681
7$1,048,859$346,266$51,919$650,675
8$1,101,302$365,669$54,514$681,118
9$1,156,367$386,044$57,240$713,083
10$1,214,185$407,436$60,102$746,647
11$1,274,895$429,899$63,107$781,889
12$1,338,639$453,484$66,263$818,892
13$1,405,571$478,249$69,576$857,746
14$1,475,850$504,252$73,055$898,543
15$1,549,642$531,555$76,707$941,380
16$1,627,124$560,224$80,543$986,358
17$1,708,481$590,326$84,570$1,033,585
18$1,793,905$621,932$88,798$1,083,174
19$1,883,600$655,120$93,238$1,135,242
20$1,977,780$689,966$97,900$1,189,913
21$2,076,669$726,555$102,795$1,247,318
22$2,180,502$764,974$107,935$1,307,594
23$2,289,527$805,313$113,332$1,370,883
24$2,404,004$847,669$118,998$1,437,336
25$2,524,204$892,143$124,948$1,507,113
26$2,650,414$938,841$131,195$1,580,378
27$2,782,935$987,874$137,755$1,657,306
28$2,922,082$1,039,358$144,643$1,738,081
29$3,068,186$1,093,416$151,875$1,822,894
30$3,221,595$1,150,178$159,469$1,911,948
Total$52,000,000$17,985,633$2,573,999$31,440,369

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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.