USA Mega

Montana Mega Millions Jackpot Annuity Payout Schedule for Mar 17, 1998

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The tax information provided here is based on 2024 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 $23,000,000 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 money, as well as deductions claimed.

State:

Montana

Drawing Date:Tue, Mar 17, 1998
Jackpot:$23,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$346,183$91,539$20,425$234,219
2$363,492$97,597$21,446$244,449
3$381,667$103,958$22,518$255,190
4$400,750$110,637$23,644$266,469
5$420,788$117,650$24,826$278,311
6$441,827$125,014$26,068$290,745
7$463,918$132,746$27,371$303,801
8$487,114$140,865$28,740$317,510
9$511,470$149,389$30,177$331,904
10$537,043$158,340$31,686$347,018
11$563,896$167,738$33,270$362,888
12$592,090$177,606$34,933$379,551
13$621,695$188,215$36,680$396,800
14$652,780$199,716$38,514$414,549
15$685,419$211,793$40,440$433,186
16$719,690$224,473$42,462$452,755
17$755,674$237,787$44,585$473,302
18$793,458$251,767$46,814$494,877
19$833,131$266,446$49,155$517,530
20$874,787$281,859$51,612$541,316
21$918,527$298,043$54,193$566,291
22$964,453$315,035$56,903$592,515
23$1,012,676$332,878$59,748$620,050
24$1,063,309$351,612$62,735$648,962
25$1,116,475$371,283$65,872$679,319
26$1,172,299$391,938$69,166$711,195
27$1,230,913$413,626$72,624$744,664
28$1,292,459$436,398$76,255$779,806
29$1,357,082$460,308$80,068$816,706
30$1,424,936$485,414$84,071$855,451
Total$23,000,000$7,291,670$1,357,001$14,351,329

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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.