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Montana Mega Millions Jackpot Annuity Payout Schedule for Sep 10, 2024

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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 $800,000,000 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 10, 2024
Jackpot:$800,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,041,148$4,413,413$710,428$6,917,308
2$12,643,206$4,636,174$745,949$7,261,083
3$13,275,366$4,870,073$783,247$7,622,046
4$13,939,134$5,115,667$822,409$8,001,058
5$14,636,090$5,373,541$863,529$8,399,020
6$15,367,895$5,644,309$906,706$8,816,880
7$16,136,290$5,928,615$952,041$9,255,634
8$16,943,105$6,227,137$999,643$9,716,325
9$17,790,260$6,540,584$1,049,625$10,200,051
10$18,679,773$6,869,704$1,102,107$10,707,963
11$19,613,762$7,215,280$1,157,212$11,241,270
12$20,594,450$7,578,134$1,215,073$11,801,243
13$21,624,172$7,959,131$1,275,826$12,389,214
14$22,705,381$8,359,179$1,339,617$13,006,585
15$23,840,650$8,779,228$1,406,598$13,654,823
16$25,032,682$9,220,280$1,476,928$14,335,474
17$26,284,316$9,683,385$1,550,775$15,050,157
18$27,598,532$10,169,645$1,628,313$15,800,574
19$28,978,458$10,680,217$1,709,729$16,588,512
20$30,427,382$11,216,319$1,795,216$17,415,847
21$31,948,750$11,779,225$1,884,976$18,284,549
22$33,546,188$12,370,277$1,979,225$19,196,686
23$35,223,498$12,990,882$2,078,186$20,154,429
24$36,984,672$13,642,516$2,182,096$21,160,060
25$38,833,906$14,326,733$2,291,200$22,215,972
26$40,775,602$15,045,160$2,405,760$23,324,681
27$42,814,382$15,799,509$2,526,049$24,488,824
28$44,955,100$16,591,575$2,652,351$25,711,174
29$47,202,855$17,423,244$2,784,968$26,994,643
30$49,562,998$18,296,497$2,924,217$28,342,284
Total$800,000,002$294,745,633$47,199,999$458,054,369

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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.