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Powerball Annuity Jackpot Analysis for Montana (Nov. 10, 2018 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 $92,000,000 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:  Nov. 10, 2018
Jackpot:$92,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,384,732$332,336$95,547$956,850
2$1,453,969$348,952$100,324$1,004,692
3$1,526,667$366,400$105,340$1,054,927
4$1,603,000$384,720$110,607$1,107,673
5$1,683,150$403,956$116,137$1,163,057
6$1,767,308$424,154$121,944$1,221,210
7$1,855,673$445,362$128,041$1,282,270
8$1,948,457$467,630$134,444$1,346,384
9$2,045,880$491,011$141,166$1,413,703
10$2,148,174$515,562$148,224$1,484,388
11$2,255,583$541,340$155,635$1,558,608
12$2,368,362$568,407$163,417$1,636,538
13$2,486,780$596,827$171,588$1,718,365
14$2,611,119$626,669$180,167$1,804,283
15$2,741,675$658,002$189,176$1,894,497
16$2,878,758$690,902$198,634$1,989,222
17$3,022,696$725,447$208,566$2,088,683
18$3,173,831$761,719$218,994$2,193,117
19$3,332,523$799,805$229,944$2,302,773
20$3,499,149$839,796$241,441$2,417,912
21$3,674,106$881,786$253,513$2,538,807
22$3,857,812$925,875$266,189$2,665,748
23$4,050,702$972,169$279,498$2,799,035
24$4,253,237$1,020,777$293,473$2,938,987
25$4,465,899$1,071,816$308,147$3,085,936
26$4,689,194$1,125,407$323,554$3,240,233
27$4,923,654$1,181,677$339,732$3,402,245
28$5,169,837$1,240,761$356,719$3,572,357
29$5,428,328$1,302,799$374,555$3,750,975
30$5,699,745$1,367,939$393,282$3,938,524
Total$92,000,000$22,080,000$6,348,000$63,572,000
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