USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Feb 6, 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 $365,000,000 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, Feb 6, 2024
Jackpot:$365,000,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,493,774$1,989,717$258,207$3,245,850
2$5,768,463$2,091,351$271,118$3,405,993
3$6,056,886$2,198,068$284,674$3,574,144
4$6,359,730$2,310,120$298,907$3,750,702
5$6,677,716$2,427,775$313,853$3,936,088
6$7,011,602$2,551,313$329,545$4,130,744
7$7,362,182$2,681,028$346,023$4,335,132
8$7,730,292$2,817,228$363,324$4,549,740
9$8,116,806$2,960,239$381,490$4,775,078
10$8,522,646$3,110,399$400,564$5,011,683
11$8,948,779$3,268,068$420,593$5,260,118
12$9,396,218$3,433,621$441,622$5,520,975
13$9,866,028$3,607,451$463,703$5,794,874
14$10,359,330$3,789,972$486,889$6,082,469
15$10,877,296$3,981,620$511,233$6,384,444
16$11,421,161$4,182,850$536,795$6,701,517
17$11,992,219$4,394,141$563,634$7,034,444
18$12,591,830$4,615,997$591,816$7,384,017
19$13,221,422$4,848,946$621,407$7,751,069
20$13,882,493$5,093,543$652,477$8,136,473
21$14,576,617$5,350,369$685,101$8,541,148
22$15,305,448$5,620,036$719,356$8,966,056
23$16,070,721$5,903,187$755,324$9,412,210
24$16,874,257$6,200,495$793,090$9,880,671
25$17,717,969$6,512,669$832,745$10,372,556
26$18,603,868$6,840,451$874,382$10,889,035
27$19,534,062$7,184,623$918,101$11,431,338
28$20,510,764$7,546,003$964,006$12,000,755
29$21,536,303$7,925,452$1,012,206$12,598,644
30$22,613,118$8,323,874$1,062,817$13,226,428
Total$365,000,001$133,760,606$17,155,002$214,084,395

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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.