USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for May 18, 2002

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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 $10,000,000 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, May 18, 2002
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$178,301$35,835$10,520$131,946
2$185,433$37,546$10,941$136,946
3$192,850$39,399$11,378$142,074
4$200,564$41,867$11,833$146,864
5$208,587$44,434$12,307$151,846
6$216,930$47,104$12,799$157,027
7$225,608$49,881$13,311$162,416
8$234,632$52,769$13,843$168,020
9$244,017$55,781$14,397$173,839
10$253,778$59,197$14,973$179,608
11$263,929$62,750$15,572$185,607
12$274,486$66,445$16,195$191,847
13$285,466$70,288$16,842$198,335
14$296,884$74,284$17,516$205,084
15$308,760$78,441$18,217$212,102
16$321,110$82,763$18,945$219,401
17$333,954$87,259$19,703$226,992
18$347,313$91,934$20,491$234,887
19$361,205$96,797$21,311$243,097
20$375,653$101,853$22,164$251,636
21$390,679$107,113$23,050$260,517
22$406,307$112,582$23,972$269,752
23$422,559$118,270$24,931$279,358
24$439,461$124,186$25,928$289,347
25$457,040$130,339$26,965$299,736
26$475,321$136,737$28,044$310,540
27$494,334$143,392$29,166$321,777
28$514,107$150,312$30,332$333,463
29$534,672$157,510$31,546$345,616
30$556,059$164,995$32,807$358,256
Total$10,000,000$2,622,063$589,999$6,787,936

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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.