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Montana Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,364,909$13,252,525
2$24,290,759$8,944,601$1,433,155$13,913,003
3$25,505,296$9,393,980$1,504,812$14,606,504
4$26,780,562$9,865,828$1,580,053$15,334,681
5$28,119,589$10,361,268$1,659,056$16,099,265
6$29,525,569$10,881,481$1,742,009$16,902,079
7$31,001,848$11,427,704$1,829,109$17,745,035
8$32,551,940$12,001,238$1,920,564$18,630,138
9$34,179,537$12,603,449$2,016,593$19,559,495
10$35,888,513$13,235,770$2,117,422$20,535,321
11$37,682,939$13,899,708$2,223,293$21,559,938
12$39,567,086$14,596,842$2,334,458$22,635,786
13$41,545,440$15,328,833$2,451,181$23,765,426
14$43,622,713$16,097,424$2,573,740$24,951,549
15$45,803,848$16,904,444$2,702,427$26,196,977
16$48,094,041$17,751,815$2,837,548$27,504,677
17$50,498,742$18,641,555$2,979,426$28,877,761
18$53,023,680$19,575,782$3,128,397$30,319,501
19$55,674,863$20,556,720$3,284,817$31,833,327
20$58,458,607$21,586,705$3,449,058$33,422,844
21$61,381,537$22,668,189$3,621,511$35,091,837
22$64,450,614$23,803,747$3,802,586$36,844,280
23$67,673,145$24,996,084$3,992,716$38,684,345
24$71,056,801$26,248,037$4,192,351$40,616,413
25$74,609,641$27,562,587$4,401,969$42,645,085
26$78,340,125$28,942,866$4,622,067$44,775,191
27$82,257,131$30,392,159$4,853,171$47,011,801
28$86,369,986$31,913,915$5,095,829$49,360,242
29$90,688,486$33,511,760$5,350,621$51,826,105
30$95,222,911$35,189,497$5,618,152$54,415,262
Total$1,537,000,003$567,400,609$90,683,000$878,916,393

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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.