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Powerball Annuity Jackpot Analysis for Montana (Dec. 15, 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 $246,000,000 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:  Dec. 15, 2018
Jackpot:$246,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,702,653$888,637$255,483$2,558,533
2$3,887,786$933,069$268,257$2,686,460
3$4,082,175$979,722$281,670$2,820,783
4$4,286,284$1,028,708$295,754$2,961,822
5$4,500,598$1,080,143$310,541$3,109,913
6$4,725,628$1,134,151$326,068$3,265,409
7$4,961,909$1,190,858$342,372$3,428,679
8$5,210,005$1,250,401$359,490$3,600,113
9$5,470,505$1,312,921$377,465$3,780,119
10$5,744,030$1,378,567$396,338$3,969,125
11$6,031,232$1,447,496$416,155$4,167,581
12$6,332,793$1,519,870$436,963$4,375,960
13$6,649,433$1,595,864$458,811$4,594,758
14$6,981,905$1,675,657$481,751$4,824,496
15$7,331,000$1,759,440$505,839$5,065,721
16$7,697,550$1,847,412$531,131$5,319,007
17$8,082,427$1,939,783$557,687$5,584,957
18$8,486,549$2,036,772$585,572$5,864,205
19$8,910,876$2,138,610$614,850$6,157,415
20$9,356,420$2,245,541$645,593$6,465,286
21$9,824,241$2,357,818$677,873$6,788,550
22$10,315,453$2,475,709$711,766$7,127,978
23$10,831,226$2,599,494$747,355$7,484,377
24$11,372,787$2,729,469$784,722$7,858,596
25$11,941,426$2,865,942$823,958$8,251,525
26$12,538,497$3,009,239$865,156$8,664,102
27$13,165,422$3,159,701$908,414$9,097,307
28$13,823,693$3,317,686$953,835$9,552,172
29$14,514,878$3,483,571$1,001,527$10,029,781
30$15,240,622$3,657,749$1,051,603$10,531,270
Total$246,000,000$59,040,000$16,974,000$169,986,000
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