USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

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The tax information provided here is based on 2025 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 $20,300,000 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, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$21,355$244,366
2$376,429$101,297$22,209$252,922
3$391,486$106,567$23,098$261,821
4$407,146$112,048$24,022$271,076
5$423,431$117,748$24,982$280,701
6$440,369$123,676$25,982$290,711
7$457,983$129,841$27,021$301,121
8$476,303$136,253$28,102$311,948
9$495,355$142,921$29,226$323,208
10$515,169$149,856$30,395$334,918
11$535,776$157,069$31,611$347,096
12$557,207$164,570$32,875$359,762
13$579,495$172,371$34,190$372,934
14$602,675$180,484$35,558$386,634
15$626,782$188,930$36,980$400,872
16$651,853$198,206$38,459$415,188
17$677,927$207,853$39,998$430,076
18$705,045$217,887$41,598$445,560
19$733,246$228,321$43,262$461,663
20$762,576$239,173$44,992$478,411
21$793,079$250,460$46,792$495,828
22$824,802$262,197$48,663$513,942
23$857,795$274,404$50,610$532,780
24$892,106$287,100$52,634$552,372
25$927,791$300,303$54,740$572,748
26$964,902$314,034$56,929$593,939
27$1,003,498$328,315$59,206$615,977
28$1,043,638$343,166$61,575$638,897
29$1,085,384$358,612$64,038$662,734
30$1,128,799$374,676$66,599$687,524
Total$20,300,000$6,264,568$1,197,701$12,837,729

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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.