USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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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 $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$697,067$117,821$1,182,083
2$2,076,850$726,622$122,534$1,227,694
3$2,159,924$757,360$127,436$1,275,129
4$2,246,321$789,326$132,533$1,324,461
5$2,336,174$822,572$137,834$1,375,767
6$2,429,621$857,147$143,348$1,429,126
7$2,526,806$893,106$149,082$1,484,618
8$2,627,878$930,503$155,045$1,542,330
9$2,732,993$969,395$161,247$1,602,351
10$2,842,313$1,009,843$167,696$1,664,773
11$2,956,005$1,051,910$174,404$1,729,691
12$3,074,245$1,095,658$181,380$1,797,206
13$3,197,215$1,141,157$188,636$1,867,422
14$3,325,104$1,188,476$196,181$1,940,446
15$3,458,108$1,237,688$204,028$2,016,392
16$3,596,432$1,288,868$212,189$2,095,375
17$3,740,289$1,342,095$220,677$2,177,518
18$3,889,901$1,397,451$229,504$2,262,946
19$4,045,497$1,455,022$238,684$2,351,791
20$4,207,317$1,514,895$248,232$2,444,190
21$4,375,610$1,577,163$258,161$2,540,285
22$4,550,634$1,641,922$268,487$2,640,224
23$4,732,659$1,709,272$279,227$2,744,161
24$4,921,966$1,779,315$290,396$2,852,255
25$5,118,844$1,852,160$302,012$2,964,672
26$5,323,598$1,927,919$314,092$3,081,587
27$5,536,542$2,006,708$326,656$3,203,178
28$5,758,004$2,088,649$339,722$3,329,632
29$5,988,324$2,173,868$353,311$3,461,145
30$6,227,857$2,262,495$367,444$3,597,918
Total$112,000,000$40,185,632$6,607,999$65,206,366

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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.