USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Montana

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $67,000,000 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, Dec 7, 2016
Jackpot:$67,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,008,446$252,112$69,583$686,752
2$1,058,868$264,717$73,062$721,089
3$1,111,812$277,953$76,715$757,144
4$1,167,403$291,851$80,551$795,001
5$1,225,773$306,443$84,578$834,751
6$1,287,061$321,765$88,807$876,489
7$1,351,414$337,854$93,248$920,313
8$1,418,985$354,746$97,910$966,329
9$1,489,934$372,484$102,805$1,014,645
10$1,564,431$391,108$107,946$1,065,377
11$1,642,653$410,663$113,343$1,118,646
12$1,724,785$431,196$119,010$1,174,579
13$1,811,024$452,756$124,961$1,233,308
14$1,901,576$475,394$131,209$1,294,973
15$1,996,654$499,164$137,769$1,359,722
16$2,096,487$524,122$144,658$1,427,708
17$2,201,311$550,328$151,890$1,499,093
18$2,311,377$577,844$159,485$1,574,048
19$2,426,946$606,736$167,459$1,652,750
20$2,548,293$637,073$175,832$1,735,388
21$2,675,708$668,927$184,624$1,822,157
22$2,809,493$702,373$193,855$1,913,265
23$2,949,968$737,492$203,548$2,008,928
24$3,097,466$774,367$213,725$2,109,375
25$3,252,340$813,085$224,411$2,214,843
26$3,414,957$853,739$235,632$2,325,585
27$3,585,704$896,426$247,414$2,441,865
28$3,764,990$941,247$259,784$2,563,958
29$3,953,239$988,310$272,773$2,692,156
30$4,150,901$1,037,725$286,412$2,826,764
Total$67,000,000$16,750,000$4,623,000$45,627,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2016 Speednet Group.  All rights reserved.