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Montana Mega Millions Jackpot Annuity Payout Schedule for Oct 6, 2023

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The tax information provided here is based on 2025 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 $360,000,000 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, Oct 6, 2023
Jackpot:$360,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,418,517$1,961,871$319,692$3,136,953
2$5,689,443$2,062,114$335,677$3,291,651
3$5,973,915$2,167,369$352,461$3,454,085
4$6,272,610$2,277,886$370,084$3,624,640
5$6,586,241$2,393,929$388,588$3,803,723
6$6,915,553$2,515,775$408,018$3,991,760
7$7,261,331$2,643,713$428,419$4,189,200
8$7,624,397$2,778,047$449,839$4,396,511
9$8,005,617$2,919,099$472,331$4,614,187
10$8,405,898$3,067,202$495,948$4,842,747
11$8,826,193$3,222,712$520,745$5,082,736
12$9,267,502$3,385,996$546,783$5,334,724
13$9,730,877$3,557,445$574,122$5,599,311
14$10,217,421$3,737,466$602,828$5,877,127
15$10,728,292$3,926,488$632,969$6,168,835
16$11,264,707$4,124,962$664,618$6,475,127
17$11,827,942$4,333,359$697,849$6,796,735
18$12,419,339$4,552,176$732,741$7,134,423
19$13,040,306$4,781,934$769,378$7,488,995
20$13,692,322$5,023,179$807,847$7,861,295
21$14,376,938$5,276,487$848,239$8,252,211
22$15,095,785$5,542,461$890,651$8,662,673
23$15,850,574$5,821,733$935,184$9,093,657
24$16,643,102$6,114,968$981,943$9,546,191
25$17,475,258$6,422,866$1,031,040$10,021,352
26$18,349,021$6,746,158$1,082,592$10,520,271
27$19,266,472$7,085,615$1,136,722$11,044,135
28$20,229,795$7,442,044$1,193,558$11,594,193
29$21,241,285$7,816,296$1,253,236$12,171,753
30$22,303,349$8,209,259$1,315,898$12,778,192
Total$360,000,001$131,910,609$21,240,000$206,849,393

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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.