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Powerball Annuity Jackpot Analysis for Montana (Apr. 3, 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 $54,000,000 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:  Apr. 3, 2019
Jackpot:$54,000,000
Federal Tax:  24%
State Tax:6.90%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$812,777$195,067$56,082$561,629
2$853,416$204,820$58,886$589,711
3$896,087$215,061$61,830$619,196
4$940,892$225,814$64,922$650,156
5$987,936$237,105$68,168$682,664
6$1,037,333$248,960$71,576$716,797
7$1,089,200$261,408$75,155$752,637
8$1,143,660$274,478$78,913$790,269
9$1,200,843$288,202$82,858$829,782
10$1,260,885$302,612$87,001$871,271
11$1,323,929$317,743$91,351$914,835
12$1,390,125$333,630$95,919$960,577
13$1,459,632$350,312$100,715$1,008,605
14$1,532,613$367,827$105,750$1,059,036
15$1,609,244$386,219$111,038$1,111,987
16$1,689,706$405,529$116,590$1,167,587
17$1,774,191$425,806$122,419$1,225,966
18$1,862,901$447,096$128,540$1,287,265
19$1,956,046$469,451$134,967$1,351,628
20$2,053,848$492,924$141,716$1,419,209
21$2,156,541$517,570$148,801$1,490,170
22$2,264,368$543,448$156,241$1,564,678
23$2,377,586$570,621$164,053$1,642,912
24$2,496,465$599,152$172,256$1,725,058
25$2,621,289$629,109$180,869$1,811,310
26$2,752,353$660,565$189,912$1,901,876
27$2,889,971$693,593$199,408$1,996,970
28$3,034,469$728,273$209,378$2,096,818
29$3,186,193$764,686$219,847$2,201,659
30$3,345,502$802,921$230,840$2,311,742
Total$54,000,000$12,960,000$3,726,000$37,314,000
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