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Montana Mega Millions Jackpot Annuity Payout Schedule for Nov 12, 2024

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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 $361,000,000 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, Nov 12, 2024
Jackpot:$361,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,433,568$1,967,440$320,581$3,145,547
2$5,705,247$2,067,961$336,610$3,300,676
3$5,990,509$2,173,508$353,440$3,463,560
4$6,290,034$2,284,333$371,112$3,634,589
5$6,604,536$2,400,698$389,668$3,814,170
6$6,934,763$2,522,882$409,151$4,002,729
7$7,281,501$2,651,176$429,609$4,200,717
8$7,645,576$2,785,883$451,089$4,408,604
9$8,027,855$2,927,327$473,643$4,626,885
10$8,429,247$3,075,842$497,326$4,856,080
11$8,850,710$3,231,783$522,192$5,096,735
12$9,293,245$3,395,521$548,301$5,349,423
13$9,757,908$3,567,446$575,717$5,614,745
14$10,245,803$3,747,967$604,502$5,893,333
15$10,758,093$3,937,515$634,727$6,185,851
16$11,295,998$4,136,539$666,464$6,492,995
17$11,860,798$4,345,515$699,787$6,815,495
18$12,453,838$4,564,940$734,776$7,154,121
19$13,076,529$4,795,336$771,515$7,509,678
20$13,730,356$5,037,252$810,091$7,883,013
21$14,416,874$5,291,263$850,596$8,275,015
22$15,137,717$5,557,976$893,125$8,686,616
23$15,894,603$5,838,023$937,782$9,118,798
24$16,689,333$6,132,074$984,671$9,572,589
25$17,523,800$6,440,826$1,033,904$10,049,069
26$18,399,990$6,765,017$1,085,599$10,549,374
27$19,319,990$7,105,416$1,139,879$11,074,694
28$20,285,989$7,462,836$1,196,873$11,626,279
29$21,300,288$7,838,127$1,256,717$12,205,444
30$22,365,303$8,232,182$1,319,553$12,813,568
Total$361,000,001$132,280,604$21,299,000$207,420,392

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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.