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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 $100,000,000 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, Jun 1, 2016
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,505,144$376,286$103,855$1,025,003
2$1,580,401$395,100$109,048$1,076,253
3$1,659,421$414,855$114,500$1,130,065
4$1,742,392$435,598$120,225$1,186,569
5$1,829,511$457,378$126,236$1,245,897
6$1,920,987$480,247$132,548$1,308,192
7$2,017,036$504,259$139,176$1,373,602
8$2,117,888$529,472$146,134$1,442,282
9$2,223,783$555,946$153,441$1,514,396
10$2,334,972$583,743$161,113$1,590,116
11$2,451,720$612,930$169,169$1,669,621
12$2,574,306$643,577$177,627$1,753,103
13$2,703,022$675,755$186,508$1,840,758
14$2,838,173$709,543$195,834$1,932,796
15$2,980,081$745,020$205,626$2,029,435
16$3,129,085$782,271$215,907$2,130,907
17$3,285,540$821,385$226,702$2,237,452
18$3,449,817$862,454$238,037$2,349,325
19$3,622,307$905,577$249,939$2,466,791
20$3,803,423$950,856$262,436$2,590,131
21$3,993,594$998,398$275,558$2,719,637
22$4,193,274$1,048,318$289,336$2,855,619
23$4,402,937$1,100,734$303,803$2,998,400
24$4,623,084$1,155,771$318,993$3,148,320
25$4,854,238$1,213,560$334,942$3,305,736
26$5,096,950$1,274,238$351,690$3,471,023
27$5,351,798$1,337,949$369,274$3,644,574
28$5,619,388$1,404,847$387,738$3,826,803
29$5,900,357$1,475,089$407,125$4,018,143
30$6,195,375$1,548,844$427,481$4,219,050
Total$100,000,000$25,000,000$6,900,000$68,100,000
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