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Montana Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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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 $77,000,000 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, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$79,968$687,222
2$1,216,909$413,211$83,967$719,731
3$1,277,754$435,724$88,165$753,865
4$1,341,642$459,362$92,573$789,706
5$1,408,724$484,183$97,202$827,339
6$1,479,160$510,244$102,062$866,854
7$1,553,118$537,609$107,165$908,344
8$1,630,774$566,341$112,523$951,909
9$1,712,313$596,511$118,150$997,652
10$1,797,928$628,188$124,057$1,045,683
11$1,887,825$661,450$130,260$1,096,115
12$1,982,216$696,375$136,773$1,149,068
13$2,081,327$733,046$143,612$1,204,669
14$2,185,393$771,550$150,792$1,263,050
15$2,294,663$811,980$158,332$1,324,351
16$2,409,396$854,431$166,248$1,388,716
17$2,529,865$899,005$174,561$1,456,299
18$2,656,359$945,808$183,289$1,527,262
19$2,789,177$994,950$192,453$1,601,773
20$2,928,635$1,046,550$202,076$1,680,010
21$3,075,067$1,100,730$212,180$1,762,158
22$3,228,821$1,157,619$222,789$1,848,413
23$3,390,262$1,217,352$233,928$1,938,982
24$3,559,775$1,280,072$245,624$2,034,079
25$3,737,763$1,345,927$257,906$2,133,930
26$3,924,652$1,415,076$270,801$2,238,775
27$4,120,884$1,487,682$284,341$2,348,861
28$4,326,928$1,563,918$298,558$2,464,452
29$4,543,275$1,643,967$313,486$2,585,822
30$4,770,439$1,728,017$329,160$2,713,261
Total$77,000,000$27,378,648$5,313,001$44,308,351

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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.