USA Mega

Montana Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $336,000,000 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, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 6.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$348,952$2,873,063
2$5,310,146$1,928,826$366,400$3,014,920
3$5,575,654$2,027,064$384,720$3,163,869
4$5,854,436$2,130,214$403,956$3,320,267
5$6,147,158$2,238,521$424,154$3,484,483
6$6,454,516$2,352,243$445,362$3,656,911
7$6,777,242$2,471,652$467,630$3,837,960
8$7,116,104$2,597,031$491,011$4,028,062
9$7,471,909$2,728,679$515,562$4,227,669
10$7,845,505$2,866,909$541,340$4,437,256
11$8,237,780$3,012,051$568,407$4,657,322
12$8,649,669$3,164,450$596,827$4,888,392
13$9,082,152$3,324,469$626,669$5,131,015
14$9,536,260$3,492,488$658,002$5,385,770
15$10,013,073$3,668,909$690,902$5,653,262
16$10,513,727$3,854,151$725,447$5,934,128
17$11,039,413$4,048,655$761,719$6,229,038
18$11,591,383$4,252,884$799,805$6,538,694
19$12,170,953$4,467,325$839,796$6,863,832
20$12,779,500$4,692,487$881,786$7,205,227
21$13,418,475$4,928,908$925,875$7,563,692
22$14,089,399$5,177,150$972,169$7,940,081
23$14,793,869$5,437,804$1,020,777$8,335,288
24$15,533,562$5,711,490$1,071,816$8,750,256
25$16,310,240$5,998,861$1,125,407$9,185,973
26$17,125,753$6,300,601$1,181,677$9,643,475
27$17,982,040$6,617,427$1,240,761$10,123,852
28$18,881,142$6,950,095$1,302,799$10,628,248
29$19,825,199$7,299,396$1,367,939$11,157,864
30$20,816,459$7,666,162$1,436,336$11,713,961
Total$336,000,001$123,242,169$23,184,003$189,573,830

◄ Back to Jackpot Analysis

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.