USA Mega

Missouri Mega Millions Jackpot Annuity Payout Schedule for Sep 20, 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 $47,000,000 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 20, 2024
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 4.95%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$219,932$35,017$452,468
2$742,788$233,019$36,768$473,001
3$779,928$246,761$38,606$494,560
4$818,924$261,190$40,537$517,198
5$859,870$276,340$42,564$540,967
6$902,864$292,247$44,692$565,925
7$948,007$308,950$46,926$592,130
8$995,407$326,488$49,273$619,646
9$1,045,178$344,904$51,736$648,538
10$1,097,437$364,239$54,323$678,874
11$1,152,308$384,542$57,039$710,727
12$1,209,924$405,860$59,891$744,173
13$1,270,420$428,243$62,886$779,291
14$1,333,941$451,746$66,030$816,165
15$1,400,638$476,424$69,332$854,883
16$1,470,670$502,336$72,798$895,536
17$1,544,204$529,543$76,438$938,222
18$1,621,414$558,111$80,260$983,043
19$1,702,484$588,107$84,273$1,030,104
20$1,787,609$619,603$88,487$1,079,519
21$1,876,989$652,674$92,911$1,131,404
22$1,970,839$687,398$97,557$1,185,884
23$2,069,380$723,859$102,434$1,243,088
24$2,172,849$762,142$107,556$1,303,151
25$2,281,492$802,340$112,934$1,366,218
26$2,395,567$844,547$118,581$1,432,439
27$2,515,345$888,865$124,510$1,501,970
28$2,641,112$935,399$130,735$1,574,978
29$2,773,168$984,260$137,272$1,651,636
30$2,911,826$1,035,563$144,135$1,732,127
Total$47,000,000$16,135,632$2,326,501$28,537,865

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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.