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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 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 $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$520,660$89,692$909,844
2$1,596,205$548,783$94,176$953,245
3$1,676,015$578,313$98,885$998,817
4$1,759,816$609,320$103,829$1,046,667
5$1,847,806$641,876$109,021$1,096,910
6$1,940,197$676,061$114,472$1,149,665
7$2,037,207$711,954$120,195$1,205,057
8$2,139,067$749,643$126,205$1,263,219
9$2,246,020$789,215$132,515$1,324,290
10$2,358,321$830,767$139,141$1,388,414
11$2,476,237$874,396$146,098$1,455,744
12$2,600,049$920,206$153,403$1,526,440
13$2,730,052$968,307$161,073$1,600,672
14$2,866,554$1,018,813$169,127$1,678,615
15$3,009,882$1,071,844$177,583$1,760,455
16$3,160,376$1,127,527$186,462$1,846,387
17$3,318,395$1,185,994$195,785$1,936,616
18$3,484,315$1,247,384$205,575$2,031,356
19$3,658,530$1,311,844$215,853$2,130,833
20$3,841,457$1,379,527$226,646$2,235,284
21$4,033,530$1,450,594$237,978$2,344,958
22$4,235,206$1,525,214$249,877$2,460,115
23$4,446,967$1,603,565$262,371$2,581,030
24$4,669,315$1,685,834$275,490$2,707,991
25$4,902,781$1,772,217$289,264$2,841,300
26$5,147,920$1,862,918$303,727$2,981,274
27$5,405,316$1,958,155$318,914$3,128,248
28$5,675,581$2,058,153$334,859$3,282,569
29$5,959,360$2,163,151$351,602$3,444,607
30$6,257,329$2,273,399$369,182$3,614,747
Total$101,000,000$36,115,634$5,959,000$58,925,369

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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.