USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Mega Millions Annuity Jackpot Analysis for Montana

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

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 $31,000,000 would be for a resident of Montana, 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:

Montana

Drawing Date:  Fri, Aug 14, 2020
Jackpot:$31,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$466,594$111,983$32,195$322,417
2$489,924$117,582$33,805$338,538
3$514,420$123,461$35,495$355,465
4$540,141$129,634$37,270$373,238
5$567,149$136,116$39,133$391,900
6$595,506$142,921$41,090$411,495
7$625,281$150,068$43,144$432,069
8$656,545$157,571$45,302$453,673
9$689,373$165,449$47,567$476,356
10$723,841$173,722$49,945$500,174
11$760,033$182,408$52,442$525,183
12$798,035$191,528$55,064$551,442
13$837,937$201,105$57,818$579,014
14$879,834$211,160$60,709$607,965
15$923,825$221,718$63,744$638,363
16$970,016$232,804$66,931$670,281
17$1,018,517$244,444$70,278$703,795
18$1,069,443$256,666$73,792$738,985
19$1,122,915$269,500$77,481$775,934
20$1,179,061$282,975$81,355$814,731
21$1,238,014$297,123$85,423$855,468
22$1,299,915$311,980$89,694$898,241
23$1,364,911$327,579$94,179$943,153
24$1,433,156$343,957$98,888$990,311
25$1,504,814$361,155$103,832$1,039,826
26$1,580,055$379,213$109,024$1,091,818
27$1,659,057$398,174$114,475$1,146,409
28$1,742,010$418,082$120,199$1,203,729
29$1,829,111$438,987$126,209$1,263,915
30$1,920,566$460,936$132,519$1,327,111
Total$31,000,000$7,440,000$2,139,000$21,421,000
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2020 Speednet Group.  All rights reserved.