Jackpot Analysis Missouri Mega Millions

Jackpot Analysis for Missouri Mega Millions
The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Missouri residents, the state will deduct 4% from your lottery earnings.

Missouri MEGA Millions Jackpot/Cash Option for Fri Nov 22, 2024
Draw DateFri Nov 22, 2024
Projected Jackpot$453,000,000
Cash Value$209,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$209,600,000
Federal Tax(24%)$50,304,000
Additional Federal Tax$27,208,330
State Tax(4%)$8,384,000
Net Lumpsum Payment$123,703,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $6,818,103 $2,483,028
$272,724
$4,062,351
2 $7,159,212 $2,609,239
$286,368
$4,263,605
3 $7,517,082 $2,741,651
$300,683
$4,474,748
4 $7,893,072 $2,880,767
$315,723
$4,696,582
5 $8,287,635 $3,026,755
$331,505
$4,929,375
6 $8,702,130 $3,180,118
$348,085
$5,173,927
7 $9,137,010 $3,341,024
$365,480
$5,430,506
8 $9,594,087 $3,510,143
$383,763
$5,700,181
9 $10,073,814 $3,687,642
$402,953
$5,983,219
10 $10,577,550 $3,874,024
$423,102
$6,280,424
11 $11,106,201 $4,069,625
$444,248
$6,592,328
12 $11,661,579 $4,275,115
$466,463
$6,920,001
13 $12,244,590 $4,490,829
$489,784
$7,263,977
14 $12,857,046 $4,717,437
$514,282
$7,625,327
15 $13,499,853 $4,955,276
$539,994
$8,004,583
16 $14,174,823 $5,205,015
$566,993
$8,402,815
17 $14,883,315 $5,467,157
$595,333
$8,820,825
18 $15,627,594 $5,742,540
$625,104
$9,259,950
19 $16,409,019 $6,031,667
$656,361
$9,720,991
20 $17,229,402 $6,335,209
$689,176
$10,205,017
21 $18,091,008 $6,654,003
$723,640
$10,713,365
22 $18,995,649 $6,988,721
$759,826
$11,247,102
23 $19,945,137 $7,340,031
$797,805
$11,807,301
24 $20,942,643 $7,709,108
$837,706
$12,395,829
25 $21,989,526 $8,096,455
$879,581
$13,013,490
26 $23,089,410 $8,503,412
$923,576
$13,662,422
27 $24,243,654 $8,930,482
$969,746
$14,343,426
28 $25,455,882 $9,379,007
$1,018,235
$15,058,640
29 $26,728,812 $9,849,991
$1,069,152
$15,809,669
30 $28,065,162 $10,344,440
$1,122,606
$16,598,116