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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 2014

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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 $105,000,000 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, Sep 30, 2014
Jackpot:$105,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,580,401$547,703$106,677$926,020
2$1,659,421$576,941$112,011$970,469
3$1,742,392$607,640$117,611$1,017,140
4$1,829,511$639,874$123,492$1,066,145
5$1,920,987$673,720$129,667$1,117,600
6$2,017,036$709,258$136,150$1,171,628
7$2,117,888$746,574$142,957$1,228,357
8$2,223,783$785,755$150,105$1,287,923
9$2,334,972$826,895$157,611$1,350,467
10$2,451,720$870,091$165,491$1,416,138
11$2,574,306$915,448$173,766$1,485,092
12$2,703,022$963,073$182,454$1,557,495
13$2,838,173$1,013,079$191,577$1,633,517
14$2,980,081$1,065,585$201,155$1,713,341
15$3,129,085$1,120,717$211,213$1,797,155
16$3,285,540$1,178,605$221,774$1,885,161
17$3,449,816$1,239,387$232,863$1,977,567
18$3,622,307$1,303,209$244,506$2,074,593
19$3,803,423$1,370,221$256,731$2,176,470
20$3,993,594$1,440,585$269,568$2,283,442
21$4,193,273$1,514,466$283,046$2,395,761
22$4,402,937$1,592,042$297,198$2,513,697
23$4,623,084$1,673,496$312,058$2,637,530
24$4,854,238$1,759,023$327,661$2,767,554
25$5,096,950$1,848,827$344,044$2,904,079
26$5,351,798$1,943,120$361,246$3,047,431
27$5,619,388$2,042,128$379,309$3,197,951
28$5,900,357$2,146,087$398,274$3,355,996
29$6,195,375$2,255,244$418,188$3,521,943
30$6,505,144$2,369,858$439,097$3,696,188
Total$105,000,000$37,738,651$7,087,500$60,173,850

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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.