USA Mega

Montana Powerball Jackpot Annuity Payout Schedule for Dec 6, 2008

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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 $30,000,000 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, Dec 6, 2008
Jackpot:$30,000,000
Federal Tax:37% marginal rate
State Tax: 5.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$534,903$157,591$31,559$345,753
2$556,299$165,079$32,822$358,398
3$578,551$172,868$34,135$371,549
4$601,693$180,967$35,500$385,226
5$625,761$189,719$36,920$399,122
6$650,791$198,981$38,397$413,414
7$676,823$208,612$39,933$428,278
8$703,896$218,629$41,530$443,737
9$732,052$229,047$43,191$459,814
10$761,334$239,881$44,919$476,534
11$791,787$251,149$46,715$493,923
12$823,459$262,867$48,584$512,007
13$856,397$275,055$50,527$530,815
14$890,653$287,729$52,549$550,375
15$926,279$300,911$54,650$570,717
16$963,330$314,620$56,836$591,874
17$1,001,863$328,877$59,110$613,876
18$1,041,938$343,705$61,474$636,759
19$1,083,615$359,125$63,933$660,557
20$1,126,960$375,163$66,491$685,306
21$1,172,038$391,842$69,150$711,046
22$1,218,920$409,188$71,916$737,815
23$1,267,677$427,228$74,793$765,656
24$1,318,384$445,990$77,785$794,609
25$1,371,119$465,502$80,896$824,721
26$1,425,964$485,794$84,132$856,038
27$1,483,002$506,899$87,497$888,607
28$1,542,322$528,847$90,997$922,478
29$1,604,015$551,673$94,637$957,705
30$1,668,176$575,413$98,422$994,341
Total$30,000,000$9,848,951$1,770,000$18,381,050

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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.