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Montana Mega Millions Jackpot Annuity Payout Schedule for Aug 29, 2023

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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 $67,000,000 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:Tue, Aug 29, 2023
Jackpot:$67,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$331,313$59,498$617,635
2$1,058,868$349,969$62,473$646,426
3$1,111,812$369,558$65,597$676,657
4$1,167,403$390,127$68,877$708,399
5$1,225,773$411,724$72,321$741,728
6$1,287,061$434,400$75,937$776,724
7$1,351,414$458,211$79,733$813,470
8$1,418,985$483,212$83,720$852,053
9$1,489,934$509,463$87,906$892,565
10$1,564,431$537,027$92,301$935,102
11$1,642,653$565,969$96,916$979,767
12$1,724,785$596,358$101,762$1,026,665
13$1,811,024$628,267$106,850$1,075,907
14$1,901,576$661,771$112,193$1,127,612
15$1,996,654$696,950$117,803$1,181,902
16$2,096,487$733,888$123,693$1,238,906
17$2,201,311$772,673$129,877$1,298,761
18$2,311,377$813,397$136,371$1,361,609
19$2,426,946$856,158$143,190$1,427,598
20$2,548,293$901,056$150,349$1,496,888
21$2,675,708$948,200$157,867$1,569,641
22$2,809,493$997,700$165,760$1,646,033
23$2,949,968$1,049,676$174,048$1,726,244
24$3,097,466$1,104,250$182,751$1,810,465
25$3,252,340$1,161,553$191,888$1,898,898
26$3,414,957$1,221,722$201,482$1,991,752
27$3,585,704$1,284,898$211,557$2,089,249
28$3,764,990$1,351,234$222,134$2,191,621
29$3,953,239$1,420,886$233,241$2,299,112
30$4,150,901$1,494,021$244,903$2,411,977
Total$67,000,000$23,535,631$3,952,998$39,511,366

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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.