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Mega Millions Annuity Jackpot Analysis for Montana (May. 25, 2018 Drawing)

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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 $73,000,000 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:  May. 25, 2018
Jackpot:$73,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,098,755$263,701$75,814$759,240
2$1,153,693$276,886$79,605$797,202
3$1,211,377$290,731$83,585$837,062
4$1,271,946$305,267$87,764$878,915
5$1,335,543$320,530$92,152$922,860
6$1,402,320$336,557$96,760$969,003
7$1,472,436$353,385$101,598$1,017,454
8$1,546,058$371,054$106,678$1,068,326
9$1,623,361$389,607$112,012$1,121,743
10$1,704,529$409,087$117,613$1,177,830
11$1,789,756$429,541$123,493$1,236,721
12$1,879,244$451,018$129,668$1,298,557
13$1,973,206$473,569$136,151$1,363,485
14$2,071,866$497,248$142,959$1,431,659
15$2,175,459$522,110$150,107$1,503,242
16$2,284,232$548,216$157,612$1,578,404
17$2,398,444$575,627$165,493$1,657,325
18$2,518,366$604,408$173,767$1,740,191
19$2,644,284$634,628$182,456$1,827,200
20$2,776,499$666,360$191,578$1,918,561
21$2,915,323$699,678$201,157$2,014,489
22$3,061,090$734,662$211,215$2,115,213
23$3,214,144$771,395$221,776$2,220,974
24$3,374,851$809,964$232,865$2,332,022
25$3,543,594$850,463$244,508$2,448,623
26$3,720,774$892,986$256,733$2,571,055
27$3,906,812$937,635$269,570$2,699,607
28$4,102,153$984,517$283,049$2,834,588
29$4,307,261$1,033,743$297,201$2,976,317
30$4,522,624$1,085,430$312,061$3,125,133
Total$73,000,000$17,520,000$5,037,000$50,443,000
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