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Montana Mega Millions Jackpot Annuity Payout Schedule for Nov 4, 2014

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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 $321,000,000 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, Nov 4, 2014
Jackpot:$321,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,831,511$1,745,847$285,059$2,800,605
2$5,073,086$1,835,230$299,312$2,938,544
3$5,326,740$1,929,082$314,278$3,083,381
4$5,593,078$2,027,626$329,992$3,235,460
5$5,872,731$2,131,098$346,491$3,395,142
6$6,166,368$2,239,744$363,816$3,562,808
7$6,474,687$2,353,822$382,007$3,738,858
8$6,798,421$2,473,603$401,107$3,923,711
9$7,138,342$2,599,374$421,162$4,117,805
10$7,495,259$2,731,434$442,220$4,321,605
11$7,870,022$2,870,096$464,331$4,535,595
12$8,263,523$3,015,691$487,548$4,760,284
13$8,676,699$3,168,566$511,925$4,996,207
14$9,110,534$3,329,085$537,522$5,243,927
15$9,566,061$3,497,630$564,398$5,504,033
16$10,044,364$3,674,602$592,617$5,777,144
17$10,546,582$3,860,423$622,248$6,063,910
18$11,073,911$4,055,535$653,361$6,365,015
19$11,627,606$4,260,402$686,029$6,681,176
20$12,208,987$4,475,513$720,330$7,013,144
21$12,819,436$4,701,379$756,347$7,361,710
22$13,460,408$4,938,539$794,164$7,727,705
23$14,133,428$5,187,556$833,872$8,112,000
24$14,840,100$5,449,025$875,566$8,515,509
25$15,582,105$5,723,566$919,344$8,939,194
26$16,361,210$6,011,836$965,311$9,384,063
27$17,179,271$6,314,518$1,013,577$9,851,176
28$18,038,234$6,632,334$1,064,256$10,341,644
29$18,940,146$6,966,042$1,117,469$10,856,635
30$19,887,153$7,316,434$1,173,342$11,397,377
Total$321,000,001$117,515,632$18,939,001$184,545,367

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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.