USA Mega

Montana Mega Millions Jackpot Annuity Payout Schedule for Oct 4, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $108,000,000 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 4, 2024
Jackpot:$108,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$559,643$95,908$970,004
2$1,706,833$589,716$100,703$1,016,414
3$1,792,174$621,292$105,738$1,065,144
4$1,881,783$654,448$111,025$1,116,310
5$1,975,872$689,260$116,576$1,170,035
6$2,074,666$725,814$122,405$1,226,446
7$2,178,399$764,195$128,526$1,285,678
8$2,287,319$804,496$134,952$1,347,871
9$2,401,685$846,811$141,699$1,413,174
10$2,521,769$891,242$148,784$1,481,743
11$2,647,858$937,895$156,224$1,553,739
12$2,780,251$986,881$164,035$1,629,335
13$2,919,263$1,038,315$172,237$1,708,712
14$3,065,226$1,092,322$180,848$1,792,057
15$3,218,488$1,149,028$189,891$1,879,569
16$3,379,412$1,208,570$199,385$1,971,457
17$3,548,383$1,271,089$209,355$2,067,939
18$3,725,802$1,336,734$219,822$2,169,245
19$3,912,092$1,405,662$230,813$2,275,617
20$4,107,697$1,478,035$242,354$2,387,307
21$4,313,081$1,554,028$254,472$2,504,582
22$4,528,735$1,633,820$267,195$2,627,720
23$4,755,172$1,717,601$280,555$2,757,016
24$4,992,931$1,805,572$294,583$2,892,776
25$5,242,577$1,897,941$309,312$3,035,324
26$5,504,706$1,994,929$324,778$3,184,999
27$5,779,942$2,096,766$341,017$3,342,159
28$6,068,939$2,203,695$358,067$3,507,176
29$6,372,385$2,315,970$375,971$3,680,444
30$6,691,005$2,433,860$394,769$3,862,376
Total$108,000,000$38,705,630$6,371,999$62,922,368

◄ Back to Jackpot Analysis

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.