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Montana Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$195,247$1,623,372
2$2,971,153$1,063,399$205,010$1,702,745
3$3,119,711$1,118,365$215,260$1,786,086
4$3,275,697$1,176,080$226,023$1,873,594
5$3,439,481$1,236,680$237,324$1,965,477
6$3,611,455$1,300,311$249,190$2,061,954
7$3,792,028$1,367,123$261,650$2,163,256
8$3,981,630$1,437,275$274,732$2,269,622
9$4,180,711$1,510,935$288,469$2,381,307
10$4,389,747$1,588,278$302,893$2,498,576
11$4,609,234$1,669,489$318,037$2,621,708
12$4,839,696$1,754,760$333,939$2,750,997
13$5,081,680$1,844,294$350,636$2,886,750
14$5,335,764$1,938,305$368,168$3,029,292
15$5,602,553$2,037,017$386,576$3,178,960
16$5,882,680$2,140,664$405,905$3,336,111
17$6,176,814$2,249,494$426,200$3,501,121
18$6,485,655$2,363,765$447,510$3,674,380
19$6,809,938$2,483,749$469,886$3,856,303
20$7,150,435$2,609,733$493,380$4,047,322
21$7,507,956$2,742,016$518,049$4,247,891
22$7,883,354$2,880,913$543,951$4,458,489
23$8,277,522$3,026,755$571,149$4,679,618
24$8,691,398$3,179,889$599,706$4,911,802
25$9,125,968$3,340,680$629,692$5,155,596
26$9,582,266$3,509,511$661,176$5,411,579
27$10,061,380$3,686,783$694,235$5,680,362
28$10,564,449$3,872,918$728,947$5,962,583
29$11,092,671$4,068,361$765,394$6,258,916
30$11,647,305$4,273,575$803,664$6,570,066
Total$188,000,000$68,482,167$12,971,998$106,545,835

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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.