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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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:Fri, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 6.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$360,670$3,042,628
2$5,610,422$2,038,811$378,704$3,192,908
3$5,890,943$2,142,604$397,639$3,350,701
4$6,185,491$2,251,587$417,521$3,516,384
5$6,494,765$2,366,018$438,397$3,690,350
6$6,819,503$2,486,171$460,316$3,873,016
7$7,160,479$2,612,332$483,332$4,064,814
8$7,518,503$2,744,801$507,499$4,266,203
9$7,894,428$2,883,893$532,874$4,477,661
10$8,289,149$3,029,940$559,518$4,699,691
11$8,703,607$3,183,289$587,493$4,932,824
12$9,138,787$3,344,306$616,868$5,177,613
13$9,595,726$3,513,374$647,712$5,434,641
14$10,075,513$3,690,895$680,097$5,704,521
15$10,579,288$3,877,292$714,102$5,987,895
16$11,108,253$4,073,009$749,807$6,285,437
17$11,663,665$4,278,511$787,297$6,597,857
18$12,246,849$4,494,289$826,662$6,925,897
19$12,859,191$4,720,856$867,995$7,270,340
20$13,502,151$4,958,751$911,395$7,632,005
21$14,177,258$5,208,540$956,965$8,011,753
22$14,886,121$5,470,820$1,004,813$8,410,488
23$15,630,427$5,746,213$1,055,054$8,829,160
24$16,411,948$6,035,376$1,107,807$9,268,766
25$17,232,546$6,338,997$1,163,197$9,730,352
26$18,094,173$6,657,799$1,221,357$10,215,017
27$18,998,882$6,992,541$1,282,425$10,723,916
28$19,948,826$7,344,020$1,346,546$11,258,259
29$20,946,267$7,713,074$1,413,873$11,819,320
30$21,993,581$8,100,580$1,484,567$12,408,434
Total$355,000,001$130,238,650$23,962,502$200,798,851

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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.