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Montana Mega Millions Jackpot Annuity Payout Schedule for Apr 9, 2002

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The tax information provided here is based on 2026 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 $155,000,000 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, Apr 9, 2002
Jackpot:$155,000,000
Federal Tax:37% marginal rate
State Tax: 5.65%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,332,972$819,157$131,813$1,382,002
2$2,449,621$862,317$138,404$1,448,900
3$2,572,102$907,635$145,324$1,519,143
4$2,700,707$955,219$152,590$1,592,898
5$2,835,743$1,005,182$160,219$1,670,341
6$2,977,530$1,057,643$168,230$1,751,656
7$3,126,406$1,112,728$176,642$1,837,037
8$3,282,727$1,170,566$185,474$1,926,686
9$3,446,863$1,231,297$194,748$2,020,819
10$3,619,206$1,295,063$204,485$2,119,657
11$3,800,166$1,362,019$214,709$2,223,438
12$3,990,175$1,432,322$225,445$2,332,408
13$4,189,683$1,506,140$236,717$2,446,826
14$4,399,168$1,583,649$248,553$2,566,965
15$4,619,126$1,665,034$260,981$2,693,111
16$4,850,082$1,750,488$274,030$2,825,565
17$5,092,586$1,840,214$287,731$2,964,641
18$5,347,216$1,934,427$302,118$3,110,671
19$5,614,576$2,033,350$317,224$3,264,002
20$5,895,305$2,137,220$333,085$3,425,000
21$6,190,070$2,246,283$349,739$3,594,048
22$6,499,574$2,360,800$367,226$3,771,548
23$6,824,553$2,481,042$385,587$3,957,924
24$7,165,780$2,607,296$404,867$4,153,618
25$7,524,069$2,739,863$425,110$4,359,096
26$7,900,273$2,879,058$446,365$4,574,849
27$8,295,286$3,025,213$468,684$4,801,390
28$8,710,051$3,178,676$492,118$5,039,257
29$9,145,553$3,339,812$516,724$5,289,018
30$9,602,831$3,509,005$542,560$5,551,266
Total$155,000,000$56,028,718$8,757,502$90,213,780

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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.