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Montana Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,474,588$458,203$3,855,406
2$7,127,607$2,600,170$481,113$4,046,324
3$7,483,987$2,732,030$505,169$4,246,788
4$7,858,187$2,870,484$530,428$4,457,275
5$8,251,096$3,015,861$556,949$4,678,286
6$8,663,651$3,168,506$584,796$4,910,349
7$9,096,834$3,328,783$614,036$5,154,014
8$9,551,675$3,497,075$644,738$5,409,862
9$10,029,259$3,673,781$676,975$5,678,503
10$10,530,722$3,859,322$710,824$5,960,576
11$11,057,258$4,054,140$746,365$6,256,753
12$11,610,121$4,258,700$783,683$6,567,738
13$12,190,627$4,473,487$822,867$6,894,273
14$12,800,158$4,699,014$864,011$7,237,134
15$13,440,166$4,935,816$907,211$7,597,138
16$14,112,175$5,184,460$952,572$7,975,143
17$14,817,783$5,445,535$1,000,200$8,372,048
18$15,558,672$5,719,664$1,050,210$8,788,798
19$16,336,606$6,007,499$1,102,721$9,226,386
20$17,153,436$6,309,726$1,157,857$9,685,853
21$18,011,108$6,627,065$1,215,750$10,168,293
22$18,911,663$6,960,270$1,276,537$10,674,856
23$19,857,247$7,310,136$1,340,364$11,206,746
24$20,850,109$7,677,495$1,407,382$11,765,231
25$21,892,614$8,063,222$1,477,751$12,351,641
26$22,987,245$8,468,236$1,551,639$12,967,371
27$24,136,608$8,893,500$1,629,221$13,613,887
28$25,343,438$9,340,027$1,710,682$14,292,729
29$26,610,610$9,808,881$1,796,216$15,005,513
30$27,941,140$10,301,177$1,886,027$15,753,936
Total$451,000,001$165,758,650$30,442,497$254,798,850

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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.