USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Jul 31, 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 $14,000,000 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:Wed, Jul 31, 2002
Jackpot:$14,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$249,621$57,742$14,728$177,151
2$259,606$61,237$15,317$183,053
3$269,990$64,871$15,929$189,190
4$280,790$68,651$16,567$195,572
5$292,022$72,582$17,229$202,210
6$303,703$76,671$17,918$209,113
7$315,851$80,922$18,635$216,293
8$328,485$85,344$19,381$223,760
9$341,624$89,943$20,156$231,525
10$355,289$94,726$20,962$239,601
11$369,501$99,700$21,801$248,000
12$384,281$104,873$22,673$256,735
13$399,652$110,253$23,579$265,820
14$415,638$115,848$24,523$275,267
15$432,263$121,667$25,504$285,093
16$449,554$127,719$26,524$295,312
17$467,536$134,012$27,585$305,939
18$486,238$140,558$28,688$316,992
19$505,687$147,365$29,836$328,486
20$525,915$154,445$31,029$340,441
21$546,951$161,808$32,270$352,873
22$568,829$169,465$33,561$365,803
23$591,582$177,429$34,903$379,250
24$615,246$185,829$36,299$393,118
25$639,856$194,934$37,751$407,170
26$665,450$204,404$39,262$421,784
27$692,068$214,253$40,832$436,983
28$719,750$224,495$42,465$452,790
29$748,540$235,148$44,164$469,229
30$778,482$246,226$45,930$486,326
Total$14,000,000$4,023,120$826,001$9,150,879

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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.