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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $169,000,000 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, Sep 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$150,078$1,494,261
2$2,670,877$946,412$157,582$1,566,883
3$2,804,421$995,824$165,461$1,643,137
4$2,944,642$1,047,705$173,734$1,723,203
5$3,091,874$1,102,181$182,421$1,807,272
6$3,246,468$1,159,381$191,542$1,895,545
7$3,408,791$1,219,441$201,119$1,988,232
8$3,579,231$1,282,503$211,175$2,085,553
9$3,758,192$1,348,719$221,733$2,187,740
10$3,946,102$1,418,245$232,820$2,295,036
11$4,143,407$1,491,248$244,461$2,407,698
12$4,350,577$1,567,901$256,684$2,525,992
13$4,568,106$1,648,387$269,518$2,650,201
14$4,796,512$1,732,897$282,994$2,780,620
15$5,036,337$1,821,633$297,144$2,917,561
16$5,288,154$1,914,805$312,001$3,061,348
17$5,552,562$2,012,636$327,601$3,212,325
18$5,830,190$2,115,358$343,981$3,370,851
19$6,121,699$2,223,217$361,180$3,537,303
20$6,427,784$2,336,468$379,239$3,712,077
21$6,749,174$2,455,382$398,201$3,895,590
22$7,086,632$2,580,242$418,111$4,088,279
23$7,440,964$2,711,344$439,017$4,290,603
24$7,813,012$2,849,002$460,968$4,503,042
25$8,203,663$2,993,543$484,016$4,726,104
26$8,613,846$3,145,311$508,217$4,960,318
27$9,044,538$3,304,667$533,628$5,206,244
28$9,496,765$3,471,991$560,309$5,464,465
29$9,971,603$3,647,681$588,325$5,735,598
30$10,470,183$3,832,156$617,741$6,020,287
Total$169,000,000$61,275,634$9,971,001$97,753,368

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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.