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Montana Mega Millions Jackpot Annuity Payout Schedule for Apr 10, 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 $136,000,000 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, Apr 10, 2020
Jackpot:$136,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$721,460$141,243$1,184,292
2$2,149,345$759,330$148,305$1,241,710
3$2,256,812$799,093$155,720$1,301,999
4$2,369,653$840,844$163,506$1,365,303
5$2,488,135$884,682$171,681$1,431,772
6$2,612,542$930,713$180,265$1,501,564
7$2,743,169$979,045$189,279$1,574,846
8$2,880,328$1,029,794$198,743$1,651,792
9$3,024,344$1,083,080$208,680$1,732,585
10$3,175,561$1,139,030$219,114$1,817,418
11$3,334,339$1,197,778$230,069$1,906,492
12$3,501,056$1,259,463$241,573$2,000,020
13$3,676,109$1,324,233$253,652$2,098,225
14$3,859,915$1,392,241$266,334$2,201,340
15$4,052,910$1,463,649$279,651$2,309,611
16$4,255,556$1,538,628$293,633$2,423,295
17$4,468,334$1,617,356$308,315$2,542,663
18$4,691,750$1,700,020$323,731$2,668,000
19$4,926,338$1,786,817$339,917$2,799,603
20$5,172,655$1,877,955$356,913$2,937,787
21$5,431,288$1,973,649$374,759$3,082,880
22$5,702,852$2,074,127$393,497$3,235,228
23$5,987,995$2,179,630$413,172$3,395,193
24$6,287,394$2,290,408$433,830$3,563,156
25$6,601,764$2,406,725$455,522$3,739,517
26$6,931,852$2,528,858$478,298$3,924,697
27$7,278,445$2,657,097$502,213$4,119,135
28$7,642,367$2,791,748$527,323$4,323,296
29$8,024,485$2,933,132$553,689$4,537,664
30$8,425,710$3,081,585$581,374$4,762,751
Total$136,000,000$49,242,170$9,384,001$77,373,834

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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.