USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 1, 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 $85,000,000 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, Sep 1, 2023
Jackpot:$85,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,279,372$431,555$63,329$784,488
2$1,343,341$455,224$66,495$821,621
3$1,410,508$480,076$69,820$860,612
4$1,481,033$506,170$73,311$901,552
5$1,555,085$533,569$76,977$944,539
6$1,632,839$562,338$80,826$989,675
7$1,714,481$592,546$84,867$1,037,068
8$1,800,205$624,264$89,110$1,086,831
9$1,890,215$657,567$93,566$1,139,082
10$1,984,726$692,536$98,244$1,193,946
11$2,083,962$729,254$103,156$1,251,552
12$2,188,160$767,807$108,314$1,312,039
13$2,297,568$808,288$113,730$1,375,551
14$2,412,447$850,793$119,416$1,442,238
15$2,533,069$895,423$125,387$1,512,259
16$2,659,723$942,285$131,656$1,585,781
17$2,792,709$991,490$138,239$1,662,980
18$2,932,344$1,043,155$145,151$1,744,038
19$3,078,961$1,097,403$152,409$1,829,149
20$3,232,909$1,154,364$160,029$1,918,516
21$3,394,555$1,214,173$168,030$2,012,351
22$3,564,282$1,276,972$176,432$2,110,878
23$3,742,497$1,342,911$185,254$2,214,332
24$3,929,621$1,412,148$194,516$2,322,957
25$4,126,102$1,484,846$204,242$2,437,015
26$4,332,408$1,561,179$214,454$2,556,775
27$4,549,028$1,641,328$225,177$2,682,523
28$4,776,479$1,725,485$236,436$2,814,559
29$5,015,303$1,813,850$248,258$2,953,196
30$5,266,069$1,906,633$260,670$3,098,765
Total$85,000,000$30,195,632$4,207,501$50,596,868

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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.