USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$120,697$1,457,264
2$2,560,249$905,480$126,732$1,528,037
3$2,688,262$952,845$133,069$1,602,348
4$2,822,675$1,002,577$139,722$1,680,375
5$2,963,808$1,054,797$146,709$1,762,303
6$3,111,999$1,109,627$154,044$1,848,328
7$3,267,599$1,167,199$161,746$1,938,653
8$3,430,979$1,227,650$169,833$2,033,495
9$3,602,528$1,291,123$178,325$2,133,080
10$3,782,654$1,357,770$187,241$2,237,643
11$3,971,787$1,427,749$196,603$2,347,434
12$4,170,376$1,501,227$206,434$2,462,716
13$4,378,895$1,578,379$216,755$2,583,761
14$4,597,840$1,659,388$227,593$2,710,858
15$4,827,732$1,744,448$238,973$2,844,310
16$5,069,118$1,833,761$250,921$2,984,435
17$5,322,574$1,927,540$263,467$3,131,566
18$5,588,703$2,026,008$276,641$3,286,054
19$5,868,138$2,129,399$290,473$3,448,266
20$6,161,545$2,237,959$304,996$3,618,589
21$6,469,622$2,351,948$320,246$3,797,428
22$6,793,103$2,471,636$336,259$3,985,209
23$7,132,758$2,597,308$353,072$4,182,378
24$7,489,396$2,729,264$370,725$4,389,407
25$7,863,866$2,867,818$389,261$4,606,786
26$8,257,059$3,013,300$408,724$4,835,035
27$8,669,912$3,166,055$429,161$5,074,696
28$9,103,408$3,326,449$450,619$5,326,340
29$9,558,578$3,494,862$473,150$5,590,567
30$10,036,507$3,671,695$496,807$5,868,005
Total$162,000,000$58,685,632$8,018,998$95,295,366

◄ Back to Jackpot Analysis

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.