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Montana Mega Millions Jackpot Annuity Payout Schedule for Dec 23, 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 $510,000,000 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 23, 2022
Jackpot:$510,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,676,232$2,798,394$452,898$4,424,941
2$8,060,044$2,940,404$475,543$4,644,097
3$8,463,046$3,089,515$499,320$4,874,211
4$8,886,198$3,246,081$524,286$5,115,831
5$9,330,508$3,410,476$550,500$5,369,532
6$9,797,033$3,583,090$578,025$5,635,918
7$10,286,885$3,764,335$606,926$5,915,624
8$10,801,229$3,954,643$637,273$6,209,314
9$11,341,291$4,154,465$669,136$6,517,689
10$11,908,355$4,364,279$702,593$6,841,483
11$12,503,773$4,584,584$737,723$7,181,467
12$13,128,962$4,815,904$774,609$7,538,449
13$13,785,410$5,058,789$813,339$7,913,281
14$14,474,680$5,313,819$854,006$8,306,855
15$15,198,414$5,581,601$896,706$8,720,107
16$15,958,335$5,862,772$941,542$9,154,022
17$16,756,251$6,158,001$988,619$9,609,632
18$17,594,064$6,467,991$1,038,050$10,088,023
19$18,473,767$6,793,482$1,089,952$10,590,333
20$19,397,456$7,135,246$1,144,450$11,117,759
21$20,367,328$7,494,099$1,201,672$11,671,557
22$21,385,695$7,870,895$1,261,756$12,253,044
23$22,454,980$8,266,530$1,324,844$12,863,606
24$23,577,728$8,681,947$1,391,086$13,504,695
25$24,756,615$9,118,135$1,460,640$14,177,839
26$25,994,446$9,576,133$1,533,672$14,884,641
27$27,294,168$10,057,030$1,610,356$15,626,782
28$28,658,876$10,561,972$1,690,874$16,406,031
29$30,091,820$11,092,161$1,775,417$17,224,242
30$31,596,411$11,648,860$1,864,188$18,083,363
Total$510,000,001$187,445,633$30,090,001$292,464,368

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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.