USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Aug 29, 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 $67,000,000 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 29, 2023
Jackpot:$67,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$331,313$49,918$627,215
2$1,058,868$349,969$52,414$656,485
3$1,111,812$369,558$55,035$687,219
4$1,167,403$390,127$57,786$719,489
5$1,225,773$411,724$60,676$753,373
6$1,287,061$434,400$63,710$788,951
7$1,351,414$458,211$66,895$826,308
8$1,418,985$483,212$70,240$865,533
9$1,489,934$509,463$73,752$906,719
10$1,564,431$537,027$77,439$949,964
11$1,642,653$565,969$81,311$995,372
12$1,724,785$596,358$85,377$1,043,050
13$1,811,024$628,267$89,646$1,093,112
14$1,901,576$661,771$94,128$1,145,677
15$1,996,654$696,950$98,834$1,200,870
16$2,096,487$733,888$103,776$1,258,823
17$2,201,311$772,673$108,965$1,319,674
18$2,311,377$813,397$114,413$1,383,567
19$2,426,946$856,158$120,134$1,450,654
20$2,548,293$901,056$126,141$1,521,096
21$2,675,708$948,200$132,448$1,595,061
22$2,809,493$997,700$139,070$1,672,723
23$2,949,968$1,049,676$146,023$1,754,269
24$3,097,466$1,104,250$153,325$1,839,891
25$3,252,340$1,161,553$160,991$1,929,795
26$3,414,957$1,221,722$169,040$2,024,195
27$3,585,704$1,284,898$177,492$2,123,314
28$3,764,990$1,351,234$186,367$2,227,389
29$3,953,239$1,420,886$195,685$2,336,668
30$4,150,901$1,494,021$205,470$2,451,410
Total$67,000,000$23,535,631$3,316,501$40,147,866

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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.