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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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, Sep 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$519,492$89,692$911,011
2$1,596,205$547,616$94,176$954,413
3$1,676,015$577,146$98,885$999,984
4$1,759,816$608,152$103,829$1,047,835
5$1,847,806$640,709$109,021$1,098,077
6$1,940,197$674,893$114,472$1,150,832
7$2,037,207$710,787$120,195$1,206,225
8$2,139,067$748,475$126,205$1,264,387
9$2,246,020$788,048$132,515$1,325,457
10$2,358,321$829,599$139,141$1,389,581
11$2,476,237$873,228$146,098$1,456,911
12$2,600,049$919,038$153,403$1,527,608
13$2,730,052$967,139$161,073$1,601,839
14$2,866,554$1,017,645$169,127$1,679,782
15$3,009,882$1,070,677$177,583$1,761,622
16$3,160,376$1,126,359$186,462$1,847,555
17$3,318,395$1,184,826$195,785$1,937,783
18$3,484,315$1,246,217$205,575$2,032,523
19$3,658,530$1,310,676$215,853$2,132,001
20$3,841,457$1,378,359$226,646$2,236,452
21$4,033,530$1,449,426$237,978$2,346,125
22$4,235,206$1,524,047$249,877$2,461,283
23$4,446,967$1,602,398$262,371$2,582,198
24$4,669,315$1,684,667$275,490$2,709,159
25$4,902,781$1,771,049$289,264$2,842,467
26$5,147,920$1,861,751$303,727$2,982,442
27$5,405,316$1,956,987$318,914$3,129,415
28$5,675,581$2,056,985$334,859$3,283,737
29$5,959,360$2,161,984$351,602$3,445,775
30$6,257,329$2,272,232$369,182$3,615,914
Total$101,000,000$36,080,607$5,959,000$58,960,393

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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.