Jackpot Analysis Missouri Mega Millions

Jackpot Analysis for Missouri Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025
Draw DateFri Apr 4, 2025
Projected Jackpot$43,000,000
Cash Value$20,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$20,000,000
Federal Tax(24%)$4,800,000
Additional Federal Tax$2,560,330
State Tax(4%)$800,000
Net Lumpsum Payment$11,839,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $647,193 $199,792
$25,888
$421,513
2 $679,572 $211,772
$27,183
$440,617
3 $713,542 $224,341
$28,542
$460,659
4 $749,232 $237,546
$29,969
$481,717
5 $786,685 $251,404
$31,467
$503,814
6 $826,030 $265,961
$33,041
$527,028
7 $867,310 $281,235
$34,692
$551,383
8 $910,697 $297,288
$36,428
$576,981
9 $956,234 $314,137
$38,249
$603,848
10 $1,004,050 $331,829
$40,162
$632,059
11 $1,054,231 $350,396
$42,169
$661,666
12 $1,106,949 $369,902
$44,278
$692,769
13 $1,162,290 $390,378
$46,492
$725,420
14 $1,220,426 $411,888
$48,817
$759,721
15 $1,281,443 $434,464
$51,258
$795,721
16 $1,345,513 $458,170
$53,821
$833,522
17 $1,412,765 $483,053
$56,511
$873,201
18 $1,483,414 $509,194
$59,337
$914,883
19 $1,557,589 $536,638
$62,304
$958,647
20 $1,635,462 $565,451
$65,418
$1,004,593
21 $1,717,248 $595,712
$68,690
$1,052,846
22 $1,803,119 $627,484
$72,125
$1,103,510
23 $1,893,247 $660,832
$75,730
$1,156,685
24 $1,987,933 $695,866
$79,517
$1,212,550
25 $2,087,306 $732,634
$83,492
$1,271,180
26 $2,191,710 $771,263
$87,668
$1,332,779
27 $2,301,274 $811,802
$92,051
$1,397,421
28 $2,416,342 $854,377
$96,654
$1,465,311
29 $2,537,172 $899,084
$101,487
$1,536,601
30 $2,664,022 $946,019
$106,561
$1,611,442