USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Aug 27, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $582,000,000 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, Aug 27, 2024
Jackpot:$582,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$8,759,935$3,199,364$433,617$5,126,955
2$9,197,932$3,361,423$455,298$5,381,212
3$9,657,828$3,531,584$478,063$5,648,182
4$10,140,720$3,710,254$501,966$5,928,500
5$10,647,756$3,897,857$527,064$6,222,834
6$11,180,144$4,094,841$553,417$6,531,886
7$11,739,151$4,301,674$581,088$6,856,390
8$12,326,109$4,518,848$610,142$7,197,118
9$12,942,414$4,746,881$640,650$7,554,884
10$13,589,535$4,986,316$672,682$7,930,537
11$14,269,012$5,237,722$706,316$8,324,973
12$14,982,462$5,501,699$741,632$8,739,131
13$15,731,585$5,778,874$778,713$9,173,997
14$16,518,165$6,069,909$817,649$9,630,607
15$17,344,073$6,375,495$858,532$10,110,046
16$18,211,276$6,696,360$901,458$10,613,458
17$19,121,840$7,033,269$946,531$11,142,040
18$20,077,932$7,387,023$993,858$11,697,052
19$21,081,828$7,758,464$1,043,551$12,279,814
20$22,135,920$8,148,478$1,095,728$12,891,714
21$23,242,716$8,557,993$1,150,514$13,534,209
22$24,404,852$8,987,983$1,208,040$14,208,829
23$25,625,095$9,439,473$1,268,442$14,917,180
24$26,906,349$9,913,537$1,331,864$15,660,948
25$28,251,666$10,411,304$1,398,457$16,441,905
26$29,664,250$10,933,960$1,468,380$17,261,909
27$31,147,463$11,482,749$1,541,799$18,122,914
28$32,704,835$12,058,977$1,618,889$19,026,969
29$34,340,077$12,664,016$1,699,834$19,976,227
30$36,057,081$13,299,308$1,784,826$20,972,948
Total$582,000,001$214,085,635$28,809,000$339,105,368

◄ Back to Jackpot Analysis

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.