USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 2024

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The tax information provided here is based on 2025 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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$255,378$3,210,750
2$5,705,247$2,067,961$268,147$3,369,138
3$5,990,509$2,173,508$281,554$3,535,446
4$6,290,034$2,284,333$295,632$3,710,070
5$6,604,536$2,400,698$310,413$3,893,424
6$6,934,763$2,522,882$325,934$4,085,946
7$7,281,501$2,651,176$342,231$4,288,095
8$7,645,576$2,785,883$359,342$4,500,351
9$8,027,855$2,927,327$377,309$4,723,219
10$8,429,247$3,075,842$396,175$4,957,231
11$8,850,710$3,231,783$415,983$5,202,944
12$9,293,245$3,395,521$436,783$5,460,942
13$9,757,908$3,567,446$458,622$5,731,840
14$10,245,803$3,747,967$481,553$6,016,283
15$10,758,093$3,937,515$505,630$6,314,948
16$11,295,998$4,136,539$530,912$6,628,547
17$11,860,798$4,345,515$557,457$6,957,825
18$12,453,838$4,564,940$585,330$7,303,567
19$13,076,529$4,795,336$614,597$7,666,596
20$13,730,356$5,037,252$645,327$8,047,777
21$14,416,874$5,291,263$677,593$8,448,017
22$15,137,717$5,557,976$711,473$8,868,269
23$15,894,603$5,838,023$747,046$9,309,533
24$16,689,333$6,132,074$784,399$9,772,861
25$17,523,800$6,440,826$823,619$10,259,355
26$18,399,990$6,765,017$864,800$10,770,174
27$19,319,990$7,105,416$908,040$11,306,534
28$20,285,989$7,462,836$953,441$11,869,711
29$21,300,288$7,838,127$1,001,114$12,461,048
30$22,365,303$8,232,182$1,051,169$13,081,951
Total$361,000,001$132,280,604$16,967,003$211,752,392

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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.