USA Mega

Montana Mega Millions Jackpot Annuity Payout Schedule for Mar 25, 2014

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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 $20,000,000 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, Mar 25, 2014
Jackpot:$20,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$301,029$79,904$20,771$200,353
2$316,080$85,172$21,810$209,098
3$331,884$90,704$22,900$218,280
4$348,478$96,512$24,045$227,922
5$365,902$102,610$25,247$238,045
6$384,197$109,013$26,510$248,674
7$403,407$115,737$27,835$259,835
8$423,578$122,796$29,227$271,554
9$444,757$130,209$30,688$283,859
10$466,994$137,992$32,223$296,779
11$490,344$146,165$33,834$310,346
12$514,861$154,746$35,525$324,590
13$540,604$164,096$37,302$339,207
14$567,635$174,097$39,167$354,371
15$596,016$184,598$41,125$370,293
16$625,817$195,625$43,181$387,011
17$657,108$207,202$45,340$404,565
18$689,963$219,359$47,607$422,997
19$724,461$232,123$49,988$442,351
20$760,685$245,526$52,487$462,672
21$798,719$259,598$55,112$484,009
22$838,655$274,374$57,867$506,413
23$880,587$289,890$60,761$529,937
24$924,617$306,180$63,799$554,638
25$970,848$323,286$66,988$580,573
26$1,019,390$341,247$70,338$607,806
27$1,070,360$360,105$73,855$636,399
28$1,123,878$379,907$77,548$666,423
29$1,180,071$400,699$81,425$697,948
30$1,239,075$422,530$85,496$731,049
Total$20,000,000$6,352,002$1,380,001$12,267,997

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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.