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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

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The tax information provided here is based on 2025 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 $93,000,000 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:Fri, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$474,940$82,587$842,256
2$1,469,773$500,836$86,717$882,220
3$1,543,261$528,027$91,052$924,182
4$1,620,424$556,577$95,605$968,242
5$1,701,446$586,555$100,385$1,014,505
6$1,786,518$618,032$105,405$1,063,081
7$1,875,844$651,082$110,675$1,114,087
8$1,969,636$685,786$116,209$1,167,642
9$2,068,118$722,224$122,019$1,223,875
10$2,171,524$760,484$128,120$1,282,920
11$2,280,100$800,657$134,526$1,344,917
12$2,394,105$842,839$141,252$1,410,014
13$2,513,810$887,130$148,315$1,478,365
14$2,639,501$933,635$155,731$1,550,135
15$2,771,476$982,466$163,517$1,625,492
16$2,910,049$1,033,739$171,693$1,704,618
17$3,055,552$1,087,574$180,278$1,787,700
18$3,208,329$1,144,102$189,291$1,874,936
19$3,368,746$1,203,456$198,756$1,966,534
20$3,537,183$1,265,778$208,694$2,062,711
21$3,714,042$1,331,216$219,128$2,163,698
22$3,899,744$1,399,926$230,085$2,269,734
23$4,094,732$1,472,071$241,589$2,381,071
24$4,299,468$1,547,823$253,669$2,497,976
25$4,514,442$1,627,364$266,352$2,620,726
26$4,740,164$1,710,881$279,670$2,749,613
27$4,977,172$1,798,574$293,653$2,884,945
28$5,226,030$1,890,651$308,336$3,027,043
29$5,487,332$1,987,333$323,753$3,176,246
30$5,761,699$2,088,849$339,940$3,332,910
Total$93,000,000$33,120,607$5,487,002$54,392,394

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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.