USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$743,421$105,051$1,273,780
2$2,228,365$782,683$110,304$1,335,378
3$2,339,783$823,908$115,819$1,400,056
4$2,456,772$867,194$121,610$1,467,969
5$2,579,611$912,644$127,691$1,539,276
6$2,708,592$960,367$134,075$1,614,150
7$2,844,021$1,010,476$140,779$1,692,767
8$2,986,222$1,063,090$147,818$1,775,314
9$3,135,533$1,118,335$155,209$1,861,989
10$3,292,310$1,176,342$162,969$1,952,998
11$3,456,925$1,237,250$171,118$2,048,557
12$3,629,772$1,301,203$179,674$2,148,895
13$3,811,260$1,368,354$188,657$2,254,249
14$4,001,823$1,438,862$198,090$2,364,871
15$4,201,914$1,512,896$207,995$2,481,024
16$4,412,010$1,590,632$218,395$2,602,984
17$4,632,611$1,672,254$229,314$2,731,043
18$4,864,241$1,757,957$240,780$2,865,504
19$5,107,453$1,847,945$252,819$3,006,689
20$5,362,826$1,942,433$265,460$3,154,933
21$5,630,967$2,041,646$278,733$3,310,589
22$5,912,516$2,145,819$292,670$3,474,028
23$6,208,141$2,255,200$307,303$3,645,638
24$6,518,548$2,370,051$322,668$3,825,830
25$6,844,476$2,490,644$338,802$4,015,030
26$7,186,700$2,617,267$355,742$4,213,691
27$7,546,035$2,750,221$373,529$4,422,285
28$7,923,336$2,889,822$392,205$4,641,309
29$8,319,503$3,036,404$411,815$4,871,284
30$8,735,478$3,190,315$432,406$5,112,758
Total$141,000,000$50,915,635$6,979,500$83,104,868

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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.