Mega Millions Annuity Jackpot Analysis For Missouri

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The Mega Millions annuity jackpot is awarded according to an 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 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:	Missouri
Drawing Date:	Tue, Jun 6, 2017
Jackpot:	$80,000,000
Federal Tax:	25%
State Tax:	4.00%
Report:	Mega Millions annuity payout schedule (30 annual payments)

 

Year Gross Payment Federal Taxes State Taxes Net Payment 1 $1,204,115 $301,029 $48,165 $854,922 2 $1,264,321 $316,080 $50,573 $897,668 3 $1,327,537 $331,884 $53,101 $942,551 4 $1,393,913 $348,478 $55,757 $989,679 5 $1,463,609 $365,902 $58,544 $1,039,162 6 $1,536,790 $384,197 $61,472 $1,091,121 7 $1,613,629 $403,407 $64,545 $1,145,677 8 $1,694,310 $423,578 $67,772 $1,202,960 9 $1,779,026 $444,757 $71,161 $1,263,108 10 $1,867,977 $466,994 $74,719 $1,326,264 11 $1,961,376 $490,344 $78,455 $1,392,577 12 $2,059,445 $514,861 $82,378 $1,462,206 13 $2,162,417 $540,604 $86,497 $1,535,316 14 $2,270,538 $567,635 $90,822 $1,612,082 15 $2,384,065 $596,016 $95,363 $1,692,686 16 $2,503,268 $625,817 $100,131 $1,777,320 17 $2,628,432 $657,108 $105,137 $1,866,186 18 $2,759,853 $689,963 $110,394 $1,959,496 19 $2,897,846 $724,461 $115,914 $2,057,471 20 $3,042,738 $760,685 $121,710 $2,160,344 21 $3,194,875 $798,719 $127,795 $2,268,361 22 $3,354,619 $838,655 $134,185 $2,381,779 23 $3,522,350 $880,587 $140,894 $2,500,868 24 $3,698,467 $924,617 $147,939 $2,625,912 25 $3,883,391 $970,848 $155,336 $2,757,207 26 $4,077,560 $1,019,390 $163,102 $2,895,068 27 $4,281,438 $1,070,360 $171,258 $3,039,821 28 $4,495,510 $1,123,878 $179,820 $3,191,812 29 $4,720,286 $1,180,071 $188,811 $3,351,403 30 $4,956,300 $1,239,075 $198,252 $3,518,973 Total $80,000,000 $20,000,000 $3,200,000 $56,800,000

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