USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $41,600,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Montana

Drawing Date:Sat, Dec 21, 1996
Jackpot:$41,600,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$741,732$232,629$43,762$465,341
2$771,401$243,606$45,513$482,282
3$802,257$255,023$47,333$499,901
4$834,348$266,896$49,227$518,225
5$867,722$279,245$51,196$537,281
6$902,431$292,087$53,243$557,100
7$938,528$305,443$55,373$577,712
8$976,069$319,333$57,588$599,148
9$1,015,112$333,779$59,892$621,441
10$1,055,716$348,803$62,287$644,626
11$1,097,945$364,427$64,779$668,739
12$1,141,863$380,677$67,370$693,816
13$1,187,537$397,576$70,065$719,896
14$1,235,039$415,152$72,867$747,019
15$1,284,440$433,431$75,782$775,228
16$1,335,818$452,440$78,813$804,564
17$1,389,250$472,210$81,966$835,074
18$1,444,820$492,771$85,244$866,805
19$1,502,613$514,155$88,654$899,804
20$1,562,718$536,393$92,200$934,124
21$1,625,226$559,522$95,888$969,817
22$1,690,235$583,575$99,724$1,006,937
23$1,757,845$608,590$103,713$1,045,542
24$1,828,159$634,606$107,861$1,085,691
25$1,901,285$661,663$112,176$1,127,446
26$1,977,336$689,802$116,663$1,170,871
27$2,056,430$719,067$121,329$1,216,034
28$2,138,687$749,502$126,183$1,263,003
29$2,224,235$781,155$131,230$1,311,850
30$2,313,204$814,073$136,479$1,362,652
Total$41,600,000$14,137,631$2,454,400$25,007,969

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.