USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 8, 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 $122,000,000 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 8, 2023
Jackpot:$122,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,836,275$637,610$90,896$1,107,770
2$1,928,089$671,581$95,440$1,161,068
3$2,024,493$707,250$100,212$1,217,031
4$2,125,718$744,703$105,223$1,275,792
5$2,232,004$784,029$110,484$1,337,490
6$2,343,604$825,321$116,008$1,402,274
7$2,460,784$868,678$121,809$1,470,298
8$2,583,823$914,202$127,899$1,541,722
9$2,713,015$962,003$134,294$1,616,717
10$2,848,665$1,012,194$141,009$1,695,462
11$2,991,099$1,064,894$148,059$1,778,145
12$3,140,654$1,120,230$155,462$1,864,962
13$3,297,686$1,178,332$163,235$1,956,119
14$3,462,571$1,239,339$171,397$2,051,834
15$3,635,699$1,303,396$179,967$2,152,336
16$3,817,484$1,370,657$188,965$2,257,862
17$4,008,358$1,441,280$198,414$2,368,664
18$4,208,776$1,515,435$208,334$2,485,007
19$4,419,215$1,593,297$218,751$2,607,167
20$4,640,176$1,675,053$229,689$2,735,434
21$4,872,184$1,760,896$241,173$2,870,115
22$5,115,794$1,851,031$253,232$3,011,530
23$5,371,583$1,945,674$265,893$3,160,016
24$5,640,162$2,045,048$279,188$3,315,927
25$5,922,171$2,149,391$293,147$3,479,632
26$6,218,279$2,258,951$307,805$3,651,523
27$6,529,193$2,373,989$323,195$3,832,009
28$6,855,653$2,494,779$339,355$4,021,519
29$7,198,435$2,621,609$356,323$4,220,504
30$7,558,357$2,754,780$374,139$4,429,439
Total$122,000,000$43,885,632$6,038,997$72,075,368

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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.