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Montana Mega Millions Jackpot Annuity Payout Schedule for Feb 10, 2023

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $50,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Montana

Drawing Date:Fri, Feb 10, 2023
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$241,407$50,799$460,367
2$790,200$255,329$53,339$481,533
3$829,710$269,948$56,005$503,757
4$871,196$285,297$58,806$527,093
5$914,756$301,415$61,746$551,595
6$960,493$318,338$64,833$577,323
7$1,008,518$336,107$68,075$604,336
8$1,058,944$354,764$71,479$632,701
9$1,111,891$374,355$75,053$662,484
10$1,167,486$394,925$78,805$693,756
11$1,225,860$416,523$82,746$726,591
12$1,287,153$439,202$86,883$761,069
13$1,351,511$463,014$91,227$797,270
14$1,419,086$488,017$95,788$835,281
15$1,490,041$514,270$100,578$875,193
16$1,564,543$541,836$105,607$917,100
17$1,642,770$570,780$110,887$961,103
18$1,724,908$601,171$116,431$1,007,306
19$1,811,154$633,082$122,253$1,055,819
20$1,901,711$666,588$128,366$1,106,758
21$1,996,797$701,770$134,784$1,160,243
22$2,096,637$738,711$141,523$1,216,403
23$2,201,469$777,498$148,599$1,275,371
24$2,311,542$818,226$156,029$1,337,287
25$2,427,119$860,989$163,831$1,402,299
26$2,548,475$905,891$172,022$1,470,562
27$2,675,899$953,038$180,623$1,542,238
28$2,809,694$1,002,542$189,654$1,617,498
29$2,950,178$1,054,521$199,137$1,696,520
30$3,097,687$1,109,099$209,094$1,779,494
Total$50,000,000$17,388,653$3,375,002$29,236,350

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.