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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 $304,000,000 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 23, 2019
Jackpot:$304,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,575,636$1,098,153$315,719$3,161,765
2$4,804,418$1,153,060$331,505$3,319,853
3$5,044,639$1,210,713$348,080$3,485,845
4$5,296,871$1,271,249$365,484$3,660,138
5$5,561,714$1,334,811$383,758$3,843,145
6$5,839,800$1,401,552$402,946$4,035,302
7$6,131,790$1,471,630$423,094$4,237,067
8$6,438,380$1,545,211$444,248$4,448,920
9$6,760,299$1,622,472$466,461$4,671,366
10$7,098,314$1,703,595$489,784$4,904,935
11$7,453,229$1,788,775$514,273$5,150,182
12$7,825,891$1,878,214$539,986$5,407,691
13$8,217,185$1,972,124$566,986$5,678,075
14$8,628,045$2,070,731$595,335$5,961,979
15$9,059,447$2,174,267$625,102$6,260,078
16$9,512,419$2,282,981$656,357$6,573,082
17$9,988,040$2,397,130$689,175$6,901,736
18$10,487,442$2,516,986$723,634$7,246,823
19$11,011,814$2,642,835$759,815$7,609,164
20$11,562,405$2,774,977$797,806$7,989,622
21$12,140,525$2,913,726$837,696$8,389,103
22$12,747,551$3,059,412$879,581$8,808,558
23$13,384,929$3,212,383$923,560$9,248,986
24$14,054,175$3,373,002$969,738$9,711,435
25$14,756,884$3,541,652$1,018,225$10,197,007
26$15,494,729$3,718,735$1,069,136$10,706,857
27$16,269,465$3,904,672$1,122,593$11,242,200
28$17,082,938$4,099,905$1,178,723$11,804,310
29$17,937,085$4,304,900$1,237,659$12,394,526
30$18,833,939$4,520,145$1,299,542$13,014,252
Total$304,000,001$72,960,000$20,976,000$210,064,000
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