USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $112,000,000 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 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$695,900$117,821$1,183,250
2$2,076,850$725,455$122,534$1,228,861
3$2,159,924$756,192$127,436$1,276,296
4$2,246,321$788,159$132,533$1,325,629
5$2,336,174$821,405$137,834$1,376,935
6$2,429,621$855,980$143,348$1,430,293
7$2,526,806$891,938$149,082$1,485,786
8$2,627,878$929,335$155,045$1,543,498
9$2,732,993$968,228$161,247$1,603,519
10$2,842,313$1,008,676$167,696$1,665,940
11$2,956,005$1,050,742$174,404$1,730,859
12$3,074,245$1,094,491$181,380$1,798,374
13$3,197,215$1,139,990$188,636$1,868,590
14$3,325,104$1,187,309$196,181$1,941,614
15$3,458,108$1,236,520$204,028$2,017,559
16$3,596,432$1,287,700$212,189$2,096,543
17$3,740,289$1,340,927$220,677$2,178,685
18$3,889,901$1,396,284$229,504$2,264,113
19$4,045,497$1,453,854$238,684$2,352,959
20$4,207,317$1,513,728$248,232$2,445,358
21$4,375,610$1,575,996$258,161$2,541,453
22$4,550,634$1,640,755$268,487$2,641,392
23$4,732,659$1,708,104$279,227$2,745,328
24$4,921,966$1,778,148$290,396$2,853,422
25$5,118,844$1,850,993$302,012$2,965,840
26$5,323,598$1,926,752$314,092$3,082,754
27$5,536,542$2,005,541$326,656$3,204,345
28$5,758,004$2,087,482$339,722$3,330,800
29$5,988,324$2,172,700$353,311$3,462,313
30$6,227,857$2,261,327$367,444$3,599,086
Total$112,000,000$40,150,611$6,607,999$65,241,394

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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.