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Powerball Annuity Jackpot Analysis for Montana

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $135,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Montana

Drawing Date:  Wed, Jan 18, 2017
Jackpot:$135,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,031,944$507,986$140,204$1,383,754
2$2,133,541$533,385$147,214$1,452,941
3$2,240,218$560,054$154,575$1,525,588
4$2,352,229$588,057$162,304$1,601,868
5$2,469,840$617,460$170,419$1,681,961
6$2,593,332$648,333$178,940$1,766,059
7$2,722,999$680,750$187,887$1,854,362
8$2,859,149$714,787$197,281$1,947,080
9$3,002,106$750,527$207,145$2,044,434
10$3,152,212$788,053$217,503$2,146,656
11$3,309,822$827,456$228,378$2,253,989
12$3,475,313$868,828$239,797$2,366,688
13$3,649,079$912,270$251,786$2,485,023
14$3,831,533$957,883$264,376$2,609,274
15$4,023,110$1,005,777$277,595$2,739,738
16$4,224,265$1,056,066$291,474$2,876,725
17$4,435,478$1,108,870$306,048$3,020,561
18$4,657,252$1,164,313$321,350$3,171,589
19$4,890,115$1,222,529$337,418$3,330,168
20$5,134,621$1,283,655$354,289$3,496,677
21$5,391,352$1,347,838$372,003$3,671,510
22$5,660,919$1,415,230$390,603$3,855,086
23$5,943,965$1,485,991$410,134$4,047,840
24$6,241,163$1,560,291$430,640$4,250,232
25$6,553,222$1,638,305$452,172$4,462,744
26$6,880,883$1,720,221$474,781$4,685,881
27$7,224,927$1,806,232$498,520$4,920,175
28$7,586,173$1,896,543$523,446$5,166,184
29$7,965,482$1,991,370$549,618$5,424,493
30$8,363,756$2,090,939$577,099$5,695,718
Total$135,000,000$33,750,000$9,315,000$91,935,000
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