USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Jun 21, 2024

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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 $80,000,000 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, Jun 21, 2024
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,204,115$403,710$59,604$740,801
2$1,264,321$425,986$62,584$775,750
3$1,327,537$449,376$65,713$812,447
4$1,393,913$473,936$68,999$850,979
5$1,463,609$499,723$72,449$891,437
6$1,536,790$526,800$76,071$933,919
7$1,613,629$555,230$79,875$978,524
8$1,694,310$585,083$83,868$1,025,359
9$1,779,026$616,427$88,062$1,074,537
10$1,867,977$649,339$92,465$1,126,173
11$1,961,376$683,897$97,088$1,180,391
12$2,059,445$720,182$101,943$1,237,320
13$2,162,417$758,282$107,040$1,297,095
14$2,270,538$798,287$112,392$1,359,860
15$2,384,065$840,292$118,011$1,425,762
16$2,503,268$884,397$123,912$1,494,959
17$2,628,432$930,707$130,107$1,567,617
18$2,759,853$979,333$136,613$1,643,907
19$2,897,846$1,030,391$143,443$1,724,012
20$3,042,738$1,084,001$150,616$1,808,122
21$3,194,875$1,140,292$158,146$1,896,437
22$3,354,619$1,199,397$166,054$1,989,168
23$3,522,350$1,261,457$174,356$2,086,536
24$3,698,467$1,326,621$183,074$2,188,772
25$3,883,391$1,395,042$192,228$2,296,120
26$4,077,560$1,466,885$201,839$2,408,836
27$4,281,438$1,542,320$211,931$2,527,187
28$4,495,510$1,621,526$222,528$2,651,456
29$4,720,286$1,704,693$233,654$2,781,938
30$4,956,300$1,792,019$245,337$2,918,944
Total$80,000,000$28,345,631$3,960,002$47,694,365

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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.