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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 $108,000,000 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:  Sat, Jun 22, 2019
Jackpot:$108,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,625,555$390,133$112,163$1,123,258
2$1,706,833$409,640$117,771$1,179,421
3$1,792,174$430,122$123,660$1,238,392
4$1,881,783$451,628$129,843$1,300,312
5$1,975,872$474,209$136,335$1,365,328
6$2,074,666$497,920$143,152$1,433,594
7$2,178,399$522,816$150,310$1,505,274
8$2,287,319$548,957$157,825$1,580,538
9$2,401,685$576,404$165,716$1,659,564
10$2,521,769$605,225$174,002$1,742,543
11$2,647,858$635,486$182,702$1,829,670
12$2,780,251$667,260$191,837$1,921,153
13$2,919,263$700,623$201,429$2,017,211
14$3,065,226$735,654$211,501$2,118,071
15$3,218,488$772,437$222,076$2,223,975
16$3,379,412$811,059$233,179$2,335,174
17$3,548,383$851,612$244,838$2,451,932
18$3,725,802$894,192$257,080$2,574,529
19$3,912,092$938,902$269,934$2,703,255
20$4,107,697$985,847$283,431$2,838,418
21$4,313,081$1,035,140$297,603$2,980,339
22$4,528,735$1,086,896$312,483$3,129,356
23$4,755,172$1,141,241$328,107$3,285,824
24$4,992,931$1,198,303$344,512$3,450,115
25$5,242,577$1,258,219$361,738$3,622,621
26$5,504,706$1,321,129$379,825$3,803,752
27$5,779,942$1,387,186$398,816$3,993,940
28$6,068,939$1,456,545$418,757$4,193,637
29$6,372,385$1,529,373$439,695$4,403,318
30$6,691,005$1,605,841$461,679$4,623,484
Total$108,000,000$25,920,000$7,452,000$74,628,000
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