USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 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 $183,000,000 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 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$136,343$1,640,749
2$2,892,133$1,028,277$143,161$1,720,696
3$3,036,740$1,081,782$150,319$1,804,640
4$3,188,577$1,137,961$157,835$1,892,781
5$3,348,006$1,196,950$165,726$1,985,330
6$3,515,406$1,258,888$174,013$2,082,505
7$3,691,176$1,323,923$182,713$2,184,540
8$3,875,735$1,392,210$191,849$2,291,677
9$4,069,522$1,463,911$201,441$2,404,170
10$4,272,998$1,539,197$211,513$2,522,288
11$4,486,648$1,618,247$222,089$2,646,311
12$4,710,980$1,701,250$233,194$2,776,536
13$4,946,529$1,788,404$244,853$2,913,273
14$5,193,856$1,879,914$257,096$3,056,846
15$5,453,549$1,976,001$269,951$3,207,597
16$5,726,226$2,076,891$283,448$3,365,887
17$6,012,537$2,182,827$297,621$3,532,090
18$6,313,164$2,294,059$312,502$3,706,604
19$6,628,822$2,410,852$328,127$3,889,844
20$6,960,264$2,533,485$344,533$4,082,245
21$7,308,277$2,662,250$361,760$4,284,267
22$7,673,691$2,797,453$379,848$4,496,390
23$8,057,375$2,939,417$398,840$4,719,118
24$8,460,244$3,088,478$418,782$4,952,984
25$8,883,256$3,244,992$439,721$5,198,542
26$9,327,419$3,409,333$461,707$5,456,379
27$9,793,790$3,581,890$484,793$5,727,107
28$10,283,479$3,763,075$509,032$6,011,372
29$10,797,653$3,953,319$534,484$6,309,850
30$11,337,536$4,153,076$561,208$6,623,252
Total$183,000,000$66,455,632$9,058,502$107,485,870

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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.