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Powerball Annuity Jackpot Analysis for Montana (Jan. 12, 2019 Drawing)

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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 $96,000,000 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:  Jan. 12, 2019
Jackpot:$96,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,444,938$346,785$99,701$998,452
2$1,517,185$364,124$104,686$1,048,375
3$1,593,044$382,331$109,920$1,100,793
4$1,672,696$401,447$115,416$1,155,833
5$1,756,331$421,519$121,187$1,213,625
6$1,844,147$442,595$127,246$1,274,306
7$1,936,355$464,725$133,608$1,338,021
8$2,033,173$487,961$140,289$1,404,922
9$2,134,831$512,359$147,303$1,475,168
10$2,241,573$537,977$154,669$1,548,927
11$2,353,651$564,876$162,402$1,626,373
12$2,471,334$593,120$170,522$1,707,692
13$2,594,901$622,776$179,048$1,793,076
14$2,724,646$653,915$188,001$1,882,730
15$2,860,878$686,611$197,401$1,976,867
16$3,003,922$720,941$207,271$2,075,710
17$3,154,118$756,988$217,634$2,179,495
18$3,311,824$794,838$228,516$2,288,470
19$3,477,415$834,580$239,942$2,402,894
20$3,651,286$876,309$251,939$2,523,038
21$3,833,850$920,124$264,536$2,649,190
22$4,025,543$966,130$277,762$2,781,650
23$4,226,820$1,014,437$291,651$2,920,732
24$4,438,161$1,065,159$306,233$3,066,769
25$4,660,069$1,118,416$321,545$3,220,107
26$4,893,072$1,174,337$337,622$3,381,113
27$5,137,726$1,233,054$354,503$3,550,169
28$5,394,612$1,294,707$372,228$3,727,677
29$5,664,343$1,359,442$390,840$3,914,061
30$5,947,560$1,427,414$410,382$4,109,764
Total$96,000,000$23,040,000$6,624,000$66,336,000
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