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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 $422,000,000 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, Jul 27, 2016
Jackpot:$422,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,351,706$1,587,926$438,268$4,325,511
2$6,669,291$1,667,323$460,181$4,541,787
3$7,002,755$1,750,689$483,190$4,768,876
4$7,352,893$1,838,223$507,350$5,007,320
5$7,720,538$1,930,134$532,717$5,257,686
6$8,106,565$2,026,641$559,353$5,520,571
7$8,511,893$2,127,973$587,321$5,796,599
8$8,937,488$2,234,372$616,687$6,086,429
9$9,384,362$2,346,091$647,521$6,390,751
10$9,853,580$2,463,395$679,897$6,710,288
11$10,346,259$2,586,565$713,892$7,045,803
12$10,863,572$2,715,893$749,586$7,398,093
13$11,406,751$2,851,688$787,066$7,767,997
14$11,977,088$2,994,272$826,419$8,156,397
15$12,575,943$3,143,986$867,740$8,564,217
16$13,204,740$3,301,185$911,127$8,992,428
17$13,864,977$3,466,244$956,683$9,442,049
18$14,558,226$3,639,556$1,004,518$9,914,152
19$15,286,137$3,821,534$1,054,743$10,409,859
20$16,050,444$4,012,611$1,107,481$10,930,352
21$16,852,966$4,213,241$1,162,855$11,476,870
22$17,695,614$4,423,904$1,220,997$12,050,713
23$18,580,395$4,645,099$1,282,047$12,653,249
24$19,509,414$4,877,354$1,346,150$13,285,911
25$20,484,885$5,121,221$1,413,457$13,950,207
26$21,509,130$5,377,282$1,484,130$14,647,717
27$22,584,586$5,646,147$1,558,336$15,380,103
28$23,713,815$5,928,454$1,636,253$16,149,108
29$24,899,506$6,224,877$1,718,066$16,956,564
30$26,144,482$6,536,120$1,803,969$17,804,392
Total$422,000,001$105,500,000$29,118,000$287,382,001
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