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Montana Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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The tax information provided here is based on 2024 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 $284,000,000 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:Fri, Nov 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$252,202$2,482,613
2$4,488,338$1,618,873$264,812$2,604,653
3$4,712,755$1,701,907$278,053$2,732,795
4$4,948,393$1,789,093$291,955$2,867,344
5$5,195,812$1,880,638$306,553$3,008,621
6$5,455,603$1,976,761$321,881$3,156,961
7$5,728,383$2,077,689$337,975$3,312,719
8$6,014,802$2,183,665$354,873$3,476,264
9$6,315,542$2,294,938$372,617$3,647,987
10$6,631,319$2,411,776$391,248$3,828,296
11$6,962,885$2,534,455$410,810$4,017,620
12$7,311,030$2,663,269$431,351$4,216,410
13$7,676,581$2,798,523$452,918$4,425,140
14$8,060,410$2,940,540$475,564$4,644,306
15$8,463,431$3,089,657$499,342$4,874,431
16$8,886,602$3,246,231$524,310$5,116,062
17$9,330,932$3,410,633$550,525$5,369,775
18$9,797,479$3,583,255$578,051$5,636,173
19$10,287,353$3,764,508$606,954$5,915,891
20$10,801,720$3,954,824$637,302$6,209,595
21$11,341,806$4,154,656$669,167$6,517,984
22$11,908,897$4,364,480$702,625$6,841,792
23$12,504,342$4,584,794$737,756$7,181,791
24$13,129,559$4,816,124$774,644$7,538,790
25$13,786,036$5,059,021$813,376$7,913,639
26$14,475,339$5,314,063$854,045$8,307,231
27$15,199,105$5,581,857$896,747$8,720,501
28$15,959,061$5,863,040$941,585$9,154,436
29$16,757,014$6,158,283$988,664$9,610,067
30$17,594,864$6,468,288$1,038,097$10,088,480
Total$284,000,001$103,825,634$16,756,002$163,418,367

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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.