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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$330,191$2,788,635
2$5,136,302$1,863,387$346,700$2,926,215
3$5,393,117$1,958,408$364,035$3,070,673
4$5,662,773$2,058,181$382,237$3,222,355
5$5,945,912$2,162,942$401,349$3,381,620
6$6,243,207$2,272,942$421,417$3,548,849
7$6,555,368$2,388,441$442,487$3,724,439
8$6,883,136$2,509,715$464,612$3,908,809
9$7,227,293$2,637,053$487,842$4,102,397
10$7,588,658$2,770,758$512,234$4,305,665
11$7,968,091$2,911,149$537,846$4,519,096
12$8,366,495$3,058,558$564,738$4,743,199
13$8,784,820$3,213,338$592,975$4,978,506
14$9,224,061$3,375,858$622,624$5,225,579
15$9,685,264$3,546,503$653,755$5,485,006
16$10,169,527$3,725,680$686,443$5,757,404
17$10,678,003$3,913,816$720,765$6,043,422
18$11,211,904$4,111,359$756,803$6,343,741
19$11,772,499$4,318,780$794,644$6,659,076
20$12,361,124$4,536,571$834,376$6,990,177
21$12,979,180$4,765,252$876,095$7,337,834
22$13,628,139$5,005,366$919,899$7,702,873
23$14,309,546$5,257,487$965,894$8,086,165
24$15,025,023$5,522,214$1,014,189$8,488,620
25$15,776,274$5,800,176$1,064,899$8,911,199
26$16,565,088$6,092,038$1,118,143$9,354,907
27$17,393,343$6,398,492$1,174,051$9,820,800
28$18,263,009$6,720,268$1,232,753$10,309,988
29$19,176,160$7,058,134$1,294,391$10,823,635
30$20,134,968$7,412,893$1,359,110$11,362,965
Total$325,000,001$119,138,649$21,937,497$183,923,849

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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.