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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 $176,000,000 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, Feb 13, 2016
Jackpot:$176,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,649,053$662,263$182,785$1,804,005
2$2,781,505$695,376$191,924$1,894,205
3$2,920,580$730,145$201,520$1,988,915
4$3,066,610$766,652$211,596$2,088,361
5$3,219,940$804,985$222,176$2,192,779
6$3,380,937$845,234$233,285$2,302,418
7$3,549,984$887,496$244,949$2,417,539
8$3,727,483$931,871$257,196$2,538,416
9$3,913,857$978,464$270,056$2,665,337
10$4,109,550$1,027,388$283,559$2,798,604
11$4,315,028$1,078,757$297,737$2,938,534
12$4,530,779$1,132,695$312,624$3,085,460
13$4,757,318$1,189,329$328,255$3,239,733
14$4,995,184$1,248,796$344,668$3,401,720
15$5,244,943$1,311,236$361,901$3,571,806
16$5,507,190$1,376,798$379,996$3,750,396
17$5,782,550$1,445,637$398,996$3,937,916
18$6,071,677$1,517,919$418,946$4,134,812
19$6,375,261$1,593,815$439,893$4,341,553
20$6,694,024$1,673,506$461,888$4,558,630
21$7,028,725$1,757,181$484,982$4,786,562
22$7,380,161$1,845,040$509,231$5,025,890
23$7,749,169$1,937,292$534,693$5,277,184
24$8,136,628$2,034,157$561,427$5,541,044
25$8,543,459$2,135,865$589,499$5,818,096
26$8,970,632$2,242,658$618,974$6,109,001
27$9,419,164$2,354,791$649,922$6,414,451
28$9,890,122$2,472,531$682,418$6,735,173
29$10,384,628$2,596,157$716,539$7,071,932
30$10,903,860$2,725,965$752,366$7,425,528
Total$176,000,000$44,000,000$12,144,000$119,856,000
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