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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 15, 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 $162,000,000 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 15, 2023
Jackpot:$162,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,438,332$860,371$143,862$1,434,100
2$2,560,249$905,480$151,055$1,503,715
3$2,688,262$952,845$158,607$1,576,810
4$2,822,675$1,002,577$166,538$1,653,560
5$2,963,808$1,054,797$174,865$1,734,147
6$3,111,999$1,109,627$183,608$1,818,764
7$3,267,599$1,167,199$192,788$1,907,611
8$3,430,979$1,227,650$202,428$2,000,901
9$3,602,528$1,291,123$212,549$2,098,856
10$3,782,654$1,357,770$223,177$2,201,708
11$3,971,787$1,427,749$234,335$2,309,702
12$4,170,376$1,501,227$246,052$2,423,097
13$4,378,895$1,578,379$258,355$2,542,161
14$4,597,840$1,659,388$271,273$2,667,179
15$4,827,732$1,744,448$284,836$2,798,447
16$5,069,118$1,833,761$299,078$2,936,279
17$5,322,574$1,927,540$314,032$3,081,002
18$5,588,703$2,026,008$329,733$3,232,962
19$5,868,138$2,129,399$346,220$3,392,519
20$6,161,545$2,237,959$363,531$3,560,054
21$6,469,622$2,351,948$381,708$3,735,966
22$6,793,103$2,471,636$400,793$3,920,674
23$7,132,758$2,597,308$420,833$4,114,617
24$7,489,396$2,729,264$441,874$4,318,257
25$7,863,866$2,867,818$463,968$4,532,080
26$8,257,059$3,013,300$487,167$4,756,593
27$8,669,912$3,166,055$511,525$4,992,332
28$9,103,408$3,326,449$537,101$5,239,858
29$9,558,578$3,494,862$563,956$5,499,760
30$10,036,507$3,671,695$592,154$5,772,658
Total$162,000,000$58,685,632$9,558,001$93,756,369

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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.