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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$186,487$1,846,630
2$3,318,841$1,186,159$195,812$1,936,871
3$3,484,783$1,247,558$205,602$2,031,624
4$3,659,023$1,312,026$215,882$2,131,114
5$3,841,974$1,379,718$226,676$2,235,579
6$4,034,072$1,450,795$238,010$2,345,268
7$4,235,776$1,525,425$249,911$2,460,440
8$4,447,565$1,603,787$262,406$2,581,372
9$4,669,943$1,686,067$275,527$2,708,350
10$4,903,440$1,772,461$289,303$2,841,677
11$5,148,612$1,863,174$303,768$2,981,670
12$5,406,043$1,958,424$318,957$3,128,663
13$5,676,345$2,058,435$334,904$3,283,005
14$5,960,162$2,163,448$351,650$3,445,065
15$6,258,171$2,273,711$369,232$3,615,228
16$6,571,079$2,389,487$387,694$3,793,898
17$6,899,633$2,511,052$407,078$3,981,503
18$7,244,615$2,638,695$427,432$4,178,487
19$7,606,845$2,772,721$448,804$4,385,321
20$7,987,188$2,913,447$471,244$4,602,496
21$8,386,547$3,061,210$494,806$4,830,531
22$8,805,874$3,216,361$519,547$5,069,967
23$9,246,168$3,379,270$545,524$5,321,374
24$9,708,476$3,550,324$572,800$5,585,352
25$10,193,900$3,729,931$601,440$5,862,529
26$10,703,595$3,918,518$631,512$6,153,565
27$11,238,775$4,116,535$663,088$6,459,153
28$11,800,714$4,324,452$696,242$6,780,020
29$12,390,749$4,542,765$731,054$7,116,930
30$13,010,287$4,771,994$767,607$7,470,686
Total$210,000,000$76,445,634$12,389,999$121,164,368

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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.