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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 $142,000,000 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, Aug 27, 2016
Jackpot:$142,000,000
Federal Tax:  25%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,137,304$534,326$147,474$1,455,504
2$2,244,169$561,042$154,848$1,528,279
3$2,356,377$589,094$162,590$1,604,693
4$2,474,196$618,549$170,720$1,684,928
5$2,597,906$649,477$179,256$1,769,174
6$2,727,801$681,950$188,218$1,857,633
7$2,864,192$716,048$197,629$1,950,514
8$3,007,401$751,850$207,511$2,048,040
9$3,157,771$789,443$217,886$2,150,442
10$3,315,660$828,915$228,781$2,257,964
11$3,481,443$870,361$240,220$2,370,862
12$3,655,515$913,879$252,231$2,489,406
13$3,838,291$959,573$264,842$2,613,876
14$4,030,205$1,007,551$278,084$2,744,570
15$4,231,715$1,057,929$291,988$2,881,798
16$4,443,301$1,110,825$306,588$3,025,888
17$4,665,466$1,166,367$321,917$3,177,182
18$4,898,739$1,224,685$338,013$3,336,042
19$5,143,676$1,285,919$354,914$3,502,844
20$5,400,860$1,350,215$372,659$3,677,986
21$5,670,903$1,417,726$391,292$3,861,885
22$5,954,448$1,488,612$410,857$4,054,979
23$6,252,171$1,563,043$431,400$4,257,728
24$6,564,779$1,641,195$452,970$4,470,615
25$6,893,018$1,723,255$475,618$4,694,145
26$7,237,669$1,809,417$499,399$4,928,853
27$7,599,553$1,899,888$524,369$5,175,295
28$7,979,530$1,994,883$550,588$5,434,060
29$8,378,507$2,094,627$578,117$5,705,763
30$8,797,432$2,199,358$607,023$5,991,051
Total$142,000,000$35,500,000$9,798,000$96,702,000
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