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Montana Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 2022

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The tax information provided here is based on 2022 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 $333,000,000 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, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$338,319$2,856,367
2$5,262,734$1,910,167$355,235$2,997,333
3$5,525,871$2,007,527$372,996$3,145,347
4$5,802,165$2,109,756$391,646$3,300,763
5$6,092,273$2,217,096$411,228$3,463,948
6$6,396,886$2,329,803$431,790$3,635,294
7$6,716,731$2,448,145$453,379$3,815,206
8$7,052,567$2,572,405$476,048$4,004,114
9$7,405,196$2,702,877$499,851$4,202,468
10$7,775,455$2,839,874$524,843$4,410,739
11$8,164,228$2,983,719$551,085$4,629,423
12$8,572,440$3,134,758$578,640$4,859,042
13$9,001,062$3,293,348$607,572$5,100,142
14$9,451,115$3,459,867$637,950$5,353,297
15$9,923,670$3,634,713$669,848$5,619,110
16$10,419,854$3,818,301$703,340$5,898,213
17$10,940,847$4,011,068$738,507$6,191,271
18$11,487,889$4,213,474$775,433$6,498,983
19$12,062,283$4,426,000$814,204$6,822,079
20$12,665,398$4,649,152$854,914$7,161,331
21$13,298,667$4,883,462$897,660$7,517,545
22$13,963,601$5,129,487$942,543$7,891,570
23$14,661,781$5,387,814$989,670$8,284,297
24$15,394,870$5,659,057$1,039,154$8,696,659
25$16,164,613$5,943,862$1,091,111$9,129,640
26$16,972,844$6,242,907$1,145,667$9,584,270
27$17,821,486$6,556,905$1,202,950$10,061,631
28$18,712,560$6,886,602$1,263,098$10,562,860
29$19,648,188$7,232,785$1,326,253$11,089,151
30$20,630,598$7,596,276$1,392,565$11,641,756
Total$333,000,001$122,098,649$22,477,499$188,423,849

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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.