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Montana Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 $850,000,000 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:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$882,767$7,213,205
2$13,433,406$4,934,432$926,905$7,572,068
3$14,105,076$5,182,950$973,250$7,948,875
4$14,810,330$5,443,894$1,021,913$8,344,523
5$15,550,846$5,717,885$1,073,008$8,759,952
6$16,328,389$6,005,576$1,126,659$9,196,154
7$17,144,809$6,307,651$1,182,992$9,654,165
8$18,002,049$6,624,830$1,242,141$10,135,077
9$18,902,151$6,957,868$1,304,248$10,640,035
10$19,847,259$7,307,558$1,369,461$11,170,240
11$20,839,622$7,674,732$1,437,934$11,726,956
12$21,881,603$8,060,265$1,509,831$12,311,507
13$22,975,683$8,465,075$1,585,322$12,925,286
14$24,124,467$8,890,125$1,664,588$13,569,754
15$25,330,690$9,336,428$1,747,818$14,246,445
16$26,597,225$9,805,046$1,835,209$14,956,971
17$27,927,086$10,297,094$1,926,969$15,703,023
18$29,323,440$10,813,745$2,023,317$16,486,378
19$30,789,612$11,356,229$2,124,483$17,308,900
20$32,329,093$11,925,837$2,230,707$18,172,549
21$33,945,547$12,523,925$2,342,243$19,079,380
22$35,642,825$13,151,917$2,459,355$20,031,552
23$37,424,966$13,811,310$2,582,323$21,031,334
24$39,296,214$14,503,671$2,711,439$22,081,104
25$41,261,025$15,230,651$2,847,011$23,183,363
26$43,324,077$15,993,981$2,989,361$24,340,735
27$45,490,280$16,795,476$3,138,829$25,555,975
28$47,764,794$17,637,046$3,295,771$26,831,977
29$50,153,034$18,520,695$3,460,559$28,171,780
30$52,660,686$19,448,526$3,633,587$29,578,572
Total$850,000,002$313,422,167$58,650,000$477,927,835

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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.